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New Equipment will be required if the new bays were added, as follows: $ 185,000 Jupiter equipment purchased in 2021 $ 18,500 Annual depreciation expense
| New Equipment will be required if the new bays were added, as follows: | |||||
| $ 185,000 | Jupiter equipment purchased in 2021 | ||||
| $ 18,500 | Annual depreciation expense attributable to the new equipment | ||||
| 10.00% | of equipment cost paid in cash in 2021 | ||||
| 90.00% | of equipment cost financed in 2021 | ||||
| 8.00% | Interest Charges on the financed portion of the new equipment | ||||
| $ 60,000 | Architectural/Installation Fees required, to be incurred in 2020 | ||||
| $ 145,000 | Construction Fees required, to be incurred in 2020 | ||||
| Architectural, Installation and Construction Fees should be categorized as Professional Fees on the IS | |||||
How would I add this new equipment into a balance sheet and income stament
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
