QS 8-1 Cost of plant assets LO C1

Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $1,850.

What is the total recorded cost of the automatic scorekeeping equipment?

6 Safari File Edit View History Bookmarks windaw Help . 9 LIJ 4,? MEI- Thu'l1219PM Q o .0. EIZI , newconnectmheducationcom , 1 l' Chp s Quick Study 0 Saved Help Save 1. Exit Submn Check my work 05 8-1 Cost of plant assets LO C1 125 Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the points installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, a component of the equipment is carelessly le on a lane and hit by the automatic lanevcleaning machine. The cost of repairing the component is Shipped $1,850. What is the total recorded cost of the automatic scorekeeping equipment? ezok Invoice oust S 190,000 References Electrical work required ior installation 20.000 Delivery costs 4,000 Sales tax 13,700 Repair costs 1 .850 Total $ 229,550 M: \"'3'\" El] newconnecttmheducationtcom ) l Chp s Quick Study 0 Saved Help Save 1. Exit Submit Check my work 05 8-2 Assigning Costs to plant assets LO C1 115 Listed below are certain costs (or discounts) incurred in the purchase or construction of new plant assets Indicate whether the costs points should be expensed or capitalized (included in the cost of the plant assets on the balance sheet.) For costs that should be included in plant assets, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet. Charges incurred to train employees to use new equipment Invoice cost to purchase new equipment Deduction for an early payment discount taken on the purchase of new equipment References Real estate commissions incurred on land purchased fora new plant Property taxes on land incurred after it was purchased Costs of tuneup for the truck used to deliver new equipment Costs to lay inundation tor a new building Insurance on a new building during the construction phase F'9'9'PP'NT' \"'3'\"