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Sicily Pizza purchased baking ovens from New World Deli. New World Deli was closing its bakery business and sold its three-year-old ovens for $327,000. In
Sicily Pizza purchased baking ovens from New World Deli. New World Deli was closing its bakery business and sold its three-year-old ovens for $327,000. In addition to the purchase price, Sicily Pizza paid shipping costs of $14,600. Employees of Sicily Pizza installed the ovens, labor costs were $15,600. An outside contractor performed some of the electrical work for $2,400. Sicily Pizza consumed pizza dough with a cost of $1,160 in testing the ovens. It then installed new timers on the ovens at a cost of $660 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
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