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will like! QS 8-1 (Algo) Cost of plant assets LO C1 Kegler Bowling buys scorekeeping equipment with an invoice cost of $170,000. The electrical work
will like!
QS 8-1 (Algo) Cost of plant assets LO C1 Kegler Bowling buys scorekeeping equipment with an invoice cost of $170,000. The electrical work required for the installation costs $17,850. Additional costs are $3,570 for delivery and $12,250 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,650 Required: Indicate whether each cost should be included in the cost of the equipment or excluded and expensed as incurred Step by Step Solution
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