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arlik [135]
2 years ago
13

The cost at which a company records purchases of machinery and equipment should include which of the following?

Business
1 answer:
Tasya [4]2 years ago
7 0

The cost at which a company records purchases of machinery and equipment should include all the under listed:

  • Operating costs
  • Purchase price
  • Installation.
  • Shipping fees
  • Taxes

<h3>What is acquisition cost?</h3>

Acquisition cost refers to all the cost associated with the purchase of an asset.  When calculating how a company records purchases of machinery and equipment, it should be the all inclusive cost of the equipment.

The cost acquisition cost should include :

  • All transportation cost
  • Installation cost
  • Site preparation
  • Sales or other taxes and testing costs prior to placing the equipment into production.

Learn more about acquisition cost here : brainly.com/question/25899244

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sineoko [7]

Answer:

critical thinking

judgment and decision making

reading comprehension

operation and control

5 0
3 years ago
Read 2 more answers
Expenditure by business on capital goods is known as what
AURORKA [14]
Answer:

Investment Spending or Capital Expenditure.

Explanation:

Capital Expenditure or Investment Spending mainly deals with business expenditure on capital goods or factor/inputs of production which are used in the production process.
7 0
2 years ago
. Information found on the company's income statement and balance sheet is extracted from these documents and examined more clos
Degger [83]

Answer:

Ratio analysis

Explanation:

Financial statements are used to show the assets, liabilities, revenues, expenses, and owners equity of a business entity within a given time frame.

Income statement is revenue less expense within a given period. While the balance sheet shows the financial position of a business at a particular point, that is its assets, liabilities, and owner equity.

Information form financial statements are analysed by the use of ratio analysis to gain a better understanding of financial condition of an organisation.

Ratio analysis compares the magnitude of line items within financial statements to determine liquidity, profitability, solvency and operational efficiency of a business.

For example current ratio shows how well a business can use its current assets to settle its current liability, this is a liquidity ratio.

3 0
3 years ago
Read 2 more answers
One of the characteristics of a tax is that the tax should be fair; what is this characteristic called?
lisabon 2012 [21]
Equality I think you was meant to spell.
4 0
2 years ago
Madison Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 tota
jek_recluse [69]

Answer:

The cost per machine will be $1,560.

Explanation:

Cost of materials is given at $18,000.

The cost of direct labor is $9000.

The manufacturing overhead cost is $6000.

Beginning work in process is $15,000.

The ending balance is $9000.

The number of machines completed is 25.

The total cost of making machines will be

=Cost of materials +cost of direct labor+ manufacturing overhead cost+Beginning work in process-ending work in process

=$(18000+9000+6000+15000-9000)

=$39,000

The cost per machine will be

=Total cost of making machines /number of machines

=$39,000/25

=$1,560

6 0
3 years ago
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