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Brrunno [24]
3 years ago
15

Which if the following would be debited to the equipment account

Business
2 answers:
Minchanka [31]3 years ago
7 0

Answer:

The correct Choice is: B. In-transit insurance costs

Explanation:

The cost of machinery and equipment includes: • Purchase price (less any discounts) • Transportation (delivery) charges • Insurance while in transit • Sales and other taxes • Purchase commission • Installation costs • Cost of testing the asset before it is used After the asset is up and running, the company no longer debits insurance, taxes, and maintenance costs to the Equipment account. From that point on, insurance, taxes, repairs, and maintenance costs are recorded as expenses. (Financial Accounting, Kemp).

kozerog [31]3 years ago
4 0
I think the answer is a

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greatly increased.

Explanation:

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3 years ago
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In economics, what is logrolling?
nadezda [96]
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3 years ago
A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for
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C. discretionary income

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3 years ago
Shambo Corporation has provided the following contribution format income statement. Assume that the following information is wit
morpeh [17]

Answer:

26.66 or 27%

Explanation:

The computation of the margin of safety percentage is shown below:

Margin of Safety

= 100 - Break Even %

= 100 - 73.33

= 26.66 or 27%

Working Note

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Contribution margin -$18,000

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Fixed expenses (B) 13,200

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3 years ago
Had the government taken over the assets of Global Trading without compensation, and not taken over the assets of any other comp
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3 years ago
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