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Lolo Inc. is a dealer in motorbikes. The company bought 10 motorbikes for 10,000 euros each. It spent 1,000 euros total for transporting the motorbikes
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Lolo Inc. is a dealer in motorbikes. The company bought 10 motorbikes for 10,000 euros each. It spent 1,000 euros total for transporting the motorbikes from the place of manufacturer to the place of sale. The company spent 260 euros for repairing two of the motorbikes that were damaged because of negligence of employees. What is the amount to be capitalized by Lolo Inc.?
a. 101,600
b. 100,400
c. 101,260
d. 100,000
e. 101,000
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