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how do I find this answer? i tried adding up all of the costs together, but it keeps saying the answer is incorrect. Crane Enterprises
how do I find this answer? i tried adding up all of the costs together, but it keeps saying the answer is incorrect.
Crane Enterprises purchased equipment on March 15, 2021, for $69,040. The company also paid the following amounts: $480 for freight charges: $208 for insurance while the equipment was in transit: $1.767 for a one-year insurance policy: $2,005 to train employees to use the new equipment; and $2,752 for testing and installation. The company began to use the equipment on April 1. Crane has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) Your answer is incorrect. Calculate the cost of the equipment. Cost of the equipment $ 76252 Step by Step Solution
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