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Kruner Manufacturing Company made these expenditures related to PPE in 2019: ---Purchase of factory machine. List price was $100,000 and paid 95% of this. ---Sales
Kruner Manufacturing Company made these expenditures related to PPE in 2019: ---Purchase of factory machine. List price was $100,000 and paid 95% of this. ---Sales taxes on factory machine. $2.500 ---Shipping cost to get factory machine to factory. $3,000 ---Installation and testing of factory machine. $8,000 --- Insurance on the factory machine for the year after it was purchased. $1,000 ---Minor repairs on the factory machine after 2 months. $2,000 20. What is the cost of the factory machine? b. $97,500 $108,500 $100,500 $110,500 d. 21. How will the items other than those making up the cost of the factory machine be reported? a. b. Insurance and Repairs and Maintenance, total $3,000 Insurance, total $2,000 Insurance, Testing, and Repairs and Maintenance, total $11,000 Taxes and Shipping. $5,500 d
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