Question
On January 1, 20x7, Bedor Inc. purchased a piece of equipment at a cost of $56987, which included freight charges of $9602. It cost the
On January 1, 20x7, Bedor Inc. purchased a piece of equipment at a cost of $56987, which included freight charges of $9602. It cost the company $2875 to install the equipment. After the installation of the piece of equipment, Bedor Inc. had to pay an additional $2040 for new insurance.
What is the capitalized cost of the piece of equipment?
a. $50260
b. $61902
c. $59862
d. $47385
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
