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QUESTION 13 Bahama Catering purchased a commercial dishwasher by paying cash of $5,000. The dishwasher's fair value on the date of the purchase was $5,600.

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QUESTION 13 Bahama Catering purchased a commercial dishwasher by paying cash of $5,000. The dishwasher's fair value on the date of the purchase was $5,600. The company incurred $400 in transportation costs, $300 installation fees, and paid a $200 fine for illegal parking while the dishwasher was being delivered. For what amount will Bahama record the dishwasher? $5,600. V $5,700. $5,900 $6,300 10 points Save Answer QUESTION 14 Bahama Catering purchased a commercial dishwasher by paying cash of $8,000. The dishwasher's fair value on the date of the purchase was $10,000. The company incurred $600 in transportation costs, $500 installation fees, and paid $300 annual insurance of the equipment. For what amount will Bahama record the dishwasher? $10,000. $9,100. $8,000. $9,400. 10 points Save Answer QUESTION 15 Berry Co. purchases a patent on January 1, 2018, for $40,000 and the patent has an expected useful life of five years with no residual value. Assuming Berry Co. uses the straight-line method, what is the amortization expense for the year ended December 31, 2019? $0. $8,000. $16,000. $40,000. 10 points Save Answer QUESTION 16 Berry Co. purchases a patent on January 1, 2018, for $40,000 and the patent has an expected useful life of five vears with no residual value. Assuming Berry Co. uses the straight-line method, what is the carrying value of the patent on December 31, 2019? $21,000. $33,000. $24,000. $26,000. 10 points Save

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