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Wyman Company is a manufacturer. During the current month, Wyman paid $12,000 rental on equipment in its factory (production equipment), $8,000 rental on equipment in
Wyman Company is a manufacturer. During the current month, Wyman paid $12,000 rental on equipment in its factory (production equipment), $8,000 rental on equipment in its offices (copiers), and $6,500 for labor to production line employees. It did not sell any goods.
Compute the following:
Wymans total expense on its income statement: _____________
Wymans total current asset cost on its balance sheet: ______________
Wymans total long-term asset cost on its balance sheet: ______________
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