memes that me memes that keep m e ble Megalow Home - Roblox Question 1 View Policies Current Attempt in Progress Show Timer Swifty Corporation purchased factory equipment with an invoice price of $80,300. Other costs incurred were freight costs $1,470; installation wiring and foundation, $2.190: material and labor costs in testing equipment. $910 oil lubricants and supplies to be used with equipment. $610;fire insurance policy covering equipment, $1.960. The equipment is estimated to have a $5,000 salvage value at the end of its 8 year useful service life. Compute the acquisition cost of the equipment. Acquisition cost of the equipment (Round answer to 1 decimal place, es. 15.5%) If the straight-line method of depreciation was used, the annual rate applied to the deprec empts of used Show Timer Question 3 View Policies Current Attempt in Progress On January 1, 2022, Sheridan Creek Country Club purchased a new riding mower for $15.700. The mower is expected to have a 10-year life with a $2,400 salvage value. What journal entry would Sheridan Creek make on December 31, 2022, if it uses straight line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Attempts: 0 of 1 used Submit Answer Save for Later - JOLL Question 4 View Policies Current Attempt in Progress Match the statement with the term most directly associated with it. Rights privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance The allocation of the cost of an intangible asset to expense in a rational and systematic manner Aright to sell certain products or services. Or use certain trademarks or trade names within a designated geographic area Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred The excess of the cost of a company over the value of the net sets required Attempts: 0 of 1 used Submit