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Problem 7-2B Determine the acquisition cost of equipment (L07-1) Sicily Pizza purchased baking ovens from New World Dell New World Deli was closing its bakery

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Problem 7-2B Determine the acquisition cost of equipment (L07-1) Sicily Pizza purchased baking ovens from New World Dell New World Deli was closing its bakery business and sold its three-year-old ovens for $330,000. In addition to the purchase price, Sicily Pizza paid shipping costs of $14.906. Employees of Sicily Pizza installed the ovens, labor costs were $15,900. An outside contractor performed some of the electrical work for $2.700 Sicily Pizza consumed pizza dough with a cost of $1190 in testing the ovens It then installed new timers on the ovens at a cost of $690 and placed the machines in operation Required: 1. Complete the following schedule to show the amount at which the ovens should be recorded in Sicily Pizza's Equipment account Total equipment $ 0

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