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T205 Accounting Principles II Deadline Due by the end of Week 5 at 1159pm, ET. Directions Using the information provided, create a Word or Excel
T205 Accounting Principles II Deadline Due by the end of Week 5 at 1159pm, ET. Directions Using the information provided, create a Word or Excel document with your responses to each question, then upload the document into Blackboard A Cost of plant assets 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 salestax. 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? Revenue and capital expenditures 1. Classify the following as either a revenue expenditure or a capital expenditure a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. b .Paid $200 cash per truck for the cost of their annual tune-ups c. Paid $175 for the monthly cost of replacement filters on an air conditioning system. d. Completed an addition to an office building for $225,000 cash 2. Prepare the journal entries to record transactions a and d of part1
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