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point 8. On Dec 31, 2019, Raymond Manufacturing Ltd.(RM) replaced its equipment with a more efficient one. The following information was available on that date
point 8. On Dec 31, 2019, Raymond Manufacturing Ltd.(RM) replaced its equipment with a more efficient one. The following information was available on that date Purchase price of new boiler $45.000 Carrying amount of old boiler 5.000 Fair value of old boiler 3.000 Installation cost of new boiler 2.000 The old equipment was sold for $3.000. what amount thould RML capitalize the cost of the new bolet? (3} (Provide enough calculation steps) 52000 b) 3000 2547.000 14p EEA2I. XOQ Fax! *, &- 5:45.000 For the toob press LTEFTOPCO ALT+FF10 Mac e T Paragraph tindude pruchas cost and transaction costs etc purchase of two 45.000 cost of 2000 con costos 000
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