On August 1, Daisys Groomers purchased new grooming equipment for $48,000 plus 8 sales tax The equipment was advertised for $52,000 Other costs associated with the grooming equipment were training for use of new equipment, $800 delivery cost of $225 installation cost, $1,100 and hiring of a new groomer, $1,000 month At what amount will the grooming equipment be recorded on a balance sheet $ 53,965 $ 53,165 $ 54,085 $ 55,085 XYZ, Inc purchased an office building on October 1, 2020, that was put on the books at $800,000 The building is expected to be used for 35 years and at the end of the 35 years will be sold for an estimated selling price of $100,000 XYZ closes its books at the end of every calendar year XYZ, Inc uses the straight line method of depreciation Based on this information, which of the following is correct Depreciation Expense at 12 31 20 is $20,000 Accumulated Depreciation at 12 31 20 is $20,000 Depreciation Expense at 12 31 2021 is $5,000 Accumulated Depreciation at 12 31 21 is $25,000 At the end of the accounting period, the general ledger of Zacks Skateboards had the following balances Common Stock, $45,000 additional paid in capital, $81,000 retained earnings, $336,000 and treasury stock, $18,000 What is the total amount of stockholders' equity $126,000 $336,000 $462,000 $444,000

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On August 1, Daisys Groomers purchased new grooming equipment for $48,000 plus 8% sales tax. The equipment was advertised for $52,000. Other costs associated with

On August 1, Daisys Groomers purchased new grooming equipment for $48,000 plus 8% sales tax. The equipment was advertised for $52,000. Other costs associated with the grooming equipment were: training for use of new equipment, $800; delivery cost of $225; installation cost, $1,100; and hiring of a new groomer, $1,000/month. At what amount will the grooming equipment be recorded on a balance sheet?

$ 53,965
$ 53,165
$ 54,085
$ 55,085
XYZ, Inc. purchased an office building on October 1, 2020, that was put on the books at $800,000. The building is expected to be used for 35 years and at the end of the 35 years will be sold for an estimated selling price of $100,000. XYZ closes its books at the end of every calendar year. XYZ, Inc. uses the straight-line method of depreciation. Based on this information, which of the following is correct?

Depreciation Expense at 12/31/20 is $20,000.
Accumulated Depreciation at 12/31/20 is $20,000
Depreciation Expense at 12/31/2021 is $5,000
Accumulated Depreciation at 12/31/21 is $25,000
At the end of the accounting period, the general ledger of Zacks Skateboards had the following balances: Common Stock, $45,000; additional paid-in capital, $81,000; retained earnings, $336,000; and treasury stock, $18,000. What is the total amount of stockholders' equity?
$126,000
$336,000
$462,000
$444,000