FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You acquired a piece of machinery costing $41908. Freight charges incurred were $4766 and you had to spend $5906 to install the machine. You also

image text in transcribed

You acquired a piece of machinery costing $41908. Freight charges incurred were $4766 and you had to spend $5906 to install the machine. You also incurred $363 in training costs to operate the machine. At what amount will the machine be reported on the balance sheet? Select one: O a. $52580 O b. $46674 O c. $47814 O d. $52943

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

My Favorite Auditor Gave Me This Book

My Favorite Auditor Gave Me This Book

Authors: Funny Planner Publishing

1st Edition

1676058060, 978-1676058069

More Books

Students also viewed these Accounting questions

Question

★★★★★
Using calculus, show the effect of a change in the wage on the amount of leisure that an individual wants to consume?

Answered: 1 week ago

Question

★★★★★
=+ (c) Let . consist of the periodic sets Ma = [ka: k = 1, 2, ... ]. Observe that P1(M)=||||t=D(M). -10 (2.36)

Answered: 1 week ago

Question

★★★★★
Houston Company issued a $10,000, three-year, 5 percent bond on January 1, 2011. The bond interest is paid each December 31. The bond was sold to yield 4 percent. Required: 1. Complete a bond...

Answered: 1 week ago

Question

★★★★★
PLEASE DO NOT ANSWER THIS QUESTION, I WAS ABLE TO ANSWER MY PROBLEM SUCCESSFULLY AFTER POSTING A FEW HOURS LATER. Chapter 3 Exercise 1 Babylonian Algorithm. The Babylonian algorithm to compute the...

Answered: 1 week ago

Question

★★★★★
Cul de las siguientes es una afirmacin verdadera con respecto a las amenazas a la independencia? Una amenaza de autorrevisin para el cliente de auditora PIE se puede reducir a un nivel aceptable. Las...

Answered: 1 week ago

Question

★★★★★
Answer the following Financial questions in Microsoft Excel. The Finance concept of Stocks and Bonds Valuation needs to applied, when answering the questions. Q 1 JW Corp has paid a dividend of...

Answered: 1 week ago

Question

★★★★★
1. Self Assessment You have prepared handouts, several charts, and a short video clip to support your speech. What steps should you take to make sure your presentation is effective? 2. Ethics...

Answered: 1 week ago

Question

★★★★★
1. while reviewing, you noticed an error in alex's pricing analysis that may result in discrepancies between stated costs to customer and actual costs that customers will be charged. how would you...

Answered: 1 week ago

Question

★★★★★
Daryl was talking with friends at a restaurant after work. He told them that he had been thinking of making a career change for a while, so he's finally enrolled himself into an allied health...

Answered: 1 week ago

Question

★★★★★
Childhood Disorders - PSY-431-OL01 Case Study Project: For this assignment, you will read a case study and offer diagnostic impressions and treatment suggestions. Directions: Based on the information...

Answered: 1 week ago

Question

★★★★★
There are lower levels of tertiary education in technical and scientific subjects than in other (developing) countries and this is likely to affect the skills pool.

Answered: 1 week ago

Question

★★★★★
Private sector organizations in South Africa spend only an estimated 2 per cent of payroll per year on education and training, compared with 68 per cent in the leading industrial nations (Horwitz et...

Answered: 1 week ago

Question

★★★★★
Government pressure has increased for the upward mobility of black managers, particularly in the public and parastatal (publicly owned utilities) sectors.

Answered: 1 week ago

Previous Question Next Question