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Kegler Bowling buys scorekeeping equipment with an Invoice cost of $160,000. The electrical work required for the Installation costs $16,500. Additional costs are $3,300
Kegler Bowling buys scorekeeping equipment with an Invoice cost of $160,000. The electrical work required for the Installation costs $16,500. Additional costs are $3,300 for delivery and $11,510 for sales tax. During the Installation, the equipment was damaged and the cost of repair was $1,550. What is the total recorded cost of the scorekeeping equipment? Total cost Included/ Excluded DR Machinery DR Expense Invoice cost $ 160,000 Electrical work required for installation 16,500 Delivery costs 3,300 Sales tax 11,510 Repair costs Total 1,550 $ 192,860
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