1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Flura [38]
3 years ago
8

Beaverton Lumber purchased a milling machine for $35,000. In addition to the purchase price, Beaverton made the following expend

itures: freight, $1,500; installation, $3,000; testing, $2,000; personal property tax on the machine for the first year, $500. What is the initial cost of the machine?
Business
1 answer:
salantis [7]3 years ago
3 0

Answer:

$41,500

Explanation:

Calculation to determine What was the initial cost of the machine to be capitalized

Purchase price $35,000

Add Freight $1,500

Add Installation $3,000

Add Testing $2,000

Total Cost $41,500

Therefore the initial cost of the machine is $41,500

You might be interested in
Suppose that a recent purchase of a residential home has been facilitated equally by a listing agent and a buyer broker. Based o
alexgriva [62]

Answer:

The correct answer is

D) both the listing broker and the buyer broker

good luck ❤

8 0
3 years ago
What is accounting? and what is accounting all about?​
Doss [256]
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
4 0
3 years ago
Read 2 more answers
A stock has a current annual dividend of $6.00 per year, and it is expected to grow by 3% (0.03) a year. It is expected that two
yulyashka [42]

Answer:

$93.20

Explanation:

Given the following from the question

Future value of stock = $90

PV Factor = Future Value ÷ (1+ interest rate %)

Hence, we have Present value of stock as => 90 ÷ (1.03) = $87.378640777

Present value of dividends = 6 ÷1.03 = $5.8252427184

Total of present value of stock and dividend =$87.378640777 + 5.8252427184 = $93.20

Hence, in this case, the correct answer is = $93.20

6 0
3 years ago
Why should you find out how far away a job is from your home?
Aliun [14]
So you could calculate the time it would take to get to work. And the cost to get there like transportation and gasoline.
8 0
3 years ago
Read 2 more answers
When did England begin using interest as we know it today?
balu736 [363]

Answer: Britain has been offering interest rates since the 18th century.

Explanation:

Over the decades, interest rates offered by British banks have fluctuated. During the eighteenth century, that interest rate varied between 4 and 5%. During the 19th century, the interest rate ranged between 4 and 10%. This policy experienced many fluctuations during the 20th century and during that period formed the form as we know it today. In the late 1970s, the interest rate in Britain was the highest at 17%. The government justified this move as the only mechanism in the fight against inflation. This was followed by years of varying interest rate turbulence in Britain. According to the information available in 2007. by 2017, the interest rate in Britain has fallen significantly and stands at 5.75%, which is the lowest rate in recent centuries. Interest history is almost as old as civilization. The first vestiges of interest can be traced back to the Babylonian culture when interest was calculated based on wheat and other goods.

7 0
4 years ago
Other questions:
  • Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each
    6·1 answer
  • The income tax saved by using lifo instead of fifo is equal to the​ ________ times the income tax rate.
    14·1 answer
  • PLZ HELP!!! ILL MARK BRAINLY!!
    7·2 answers
  • Patsy, a registered nurse, has decided to start a home healthcare service to assist with the medical, meal preparation, and ligh
    13·2 answers
  • A critical function of the government in facilitating the operation of a market economy is
    10·1 answer
  • Keenan owns a retail store. He often receives payments from some of his manufacturers to ensure their products are placed in the
    12·1 answer
  • The unexpired insurance at the end of the fiscal period represents
    7·1 answer
  • Assume a firm increases its revenue by $100 while increasing its cost of goods sold by $85. How much additional tax will the fir
    12·2 answers
  • Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current
    6·1 answer
  • Preparing a consolidated income statement - with noncontrolling interest, but AAP or intercompany profits
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!