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Lostsunrise [7]
3 years ago
9

Anchor Company purchased a manufacturing machine with a list price of $94,000 and received a 2% cash discount on the purchase. T

he machine was delivered under terms FOB shipping point, and transportation costs amounted to $4,000. Anchor paid $5,700 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $7,400 for the first year of operations. What is the cost of the machine
Business
1 answer:
Neko [114]3 years ago
5 0

Answer:

$101,820

Explanation:

the total cost basis of the machine:

  • purchase price = $94,000 x 98% = $92,120
  • transportation costs = $4,000
  • installation costs = $5,700
  • insurance costs = $0 (operating expense)

total asset basis = $101,820

A business can capitalize certain necessary costs when it acquires an asset and they include freight, installation and insurance costs. But the insurance costs that can be capitalized are those incurred to insure an asset while it is being transported or installed, after the installation is over any insurance costs are operating costs.

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The current value of a property is $255,000, and it is assessed at 35% of its current market value. What is the amount of the re
IrinaVladis [17]

Answer:

$3,123.75

Explanation:

First we have to calculate the assessed value of the property for the purpose of taxation, which is given as follows:

Assessed value=$255,000*35%=$89,250

No we have to calculate the tax rate for the assessed value of $89,250 using the following method:

(tax rate/$100)*assessed value

Tax rate=$3.50

Assessed value=$89,250

=($3.50/100)*$89,250

=$3,123.75

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A web interface which represents integrated personalized business content delivered to senior managers is
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Answer:

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Explanation:

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In an organization, a web portal can be designed to present content relevant to senior managers only. The portal allows the senior managers to search, navigate and apply content relevant to their duties from a single interface point

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Mines good I’m really exhausted tho and it’s only morning
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Rosalita's and Antonio's are Mexican restaurant chains. Each restaurant offers similar items on their menus. However, Antonio's
Morgarella [4.7K]

Answer: The correct answer is "D. they utilize product differentiation".

Explanation: When evaluating the marketing strategies used by these restaurants, we can conclude that: <u>they utilize product differentiation.</u>

Product differentiation is a competitive strategy that aims to allow the consumer to perceive differently the product or service offered by a company, with respect to those of the competition.

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Answer:

naw

Explanation:

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