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BartSMP [9]
3 years ago
6

Intel buys a manufacturing machine for $100,000 for use in making computer processors. The company also paid 7% ($7,000) sales t

ax on the machine. It cost $3,000 to ship the machine to Intel's plant. Intel paid an additional $1,500 to have the machine installed and tested for initial use. Each month, the machine requires $1,000 worth of oil and supplies to keep running. What is the machine's original cost basis (also called book value) that the firm records on the balance sheet
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer:

$110,000

Explanation:

Calculation for What is the machine's original cost basis that the firm records on the balance sheet

Machine's Original cost basis

Machine Cost $100,000

Add Sales Tax $7,000

Add Shipping Cost $3,000

Machine's Original cost basis $110,000

($100,000+$7,000+$3,000)

Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000

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Due to this high volume of small level buyers and sellers no single party has the power to influence the price. The price in such market are determined by the market forces of demand and supply.

Hence from the above we can conclude that the correct option is A.

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In a free market economy, the market, not the
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The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment of $500. The bad debts are estima
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Explanation:

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6 0
3 years ago
References that employers trust for the most accurate reporting include _____. a. friends b. relatives c. counselors d. parents
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<h3>Which are considered the most-trusted references by the employer?</h3>

Counselors are one of the references that employers trust for the most accurate reports.

Employers do not trust the friends, relatives, and parents of prospective employees or employees to provide an accurate report because they believe they are not professional enough and that because of their proximity to the employee, they may provide false information in order to benefit the employee.

Employers view counselors as more professional and more likely to provide accurate information.

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brainly.com/question/18504651

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2 years ago
In the open-economy macroeconomic model, if a country’s supply of loanable funds shifts right, then
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