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Alexandra [31]
3 years ago
5

Which of the following should be included in the acquisition cost of a piece of equipment?

Business
1 answer:
Mkey [24]3 years ago
6 0

The correct answer is choice d, all are correct.

When calculating the acquisition cost of a piece of equipment it should be the all inclusive cost of the equipment. The cost should include all transportation, installation, site preparation, sales or other taxes and testing costs prior to placing the equipment into production.

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The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
ycow [4]

Okay very school thank s

6 0
3 years ago
The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Cost of the equipment $ 50,000 Sa
kakasveta [241]

Answer:

The multiple choices missing from the question are:

a. $60,000.

b. $50,000.

c. $57,000.

d. $59,000.

Option D,$59000 is correct

Explanation:

The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.

The recorded cost is computed thus:

Purchase price   $50,000

sales tax              $4,000

shipping               $3,000

installation            $2,000

total  cost            $59,000

The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)

4 0
3 years ago
Read 2 more answers
Nelson’s motto is “Go big, or go home.” Which type of investment would Nelson prefer? A. savings account B. speculative investme
il63 [147K]

Answer:speculative investment

Explanation:

just took the test.

5 0
3 years ago
During the current period, Roberts recognized interest expense of $9,400 and paid interest of $9,000 related to its discounted b
VARVARA [1.3K]

Answer:

amortization on discount on BP 400

Explanation:

When there is a difference between the face value and the issuance proceeds from the bond a premium or discount is created.

When the proceeds are above, there will be a premium and the interest expense will be lower thant the actual cash outlay on the bond.

When theface value is above the proceeds, there is a discount.and expenses are higher than cash payment to bondholders.

In this case the expense is higher so there is a discount.

6 0
3 years ago
What are five private agencies that protect consumer rights
RUDIKE [14]
The consumer protection administrative organizations battle to guarantee that people are dealt with decently, get the important data to settle on educated choices, are secured against item dangers and can utilize lawful response if necessary. Certain sorts of items draw in more direction because of their higher danger of customer damage or passing, for example, nourishment, meditates, kids' items, and cars. 
The following are the five private organizations that ensure consumer rights:

<span>Consumer Financial Protection Bureau (CFPB)


</span><span>Consumer Product Safety Commission (CPSC)

</span><span>Federal Trade Commission (FTC)

</span><span>Food and Drug Administration (FDA)

</span><span>National Highway Traffic Safety Administration (NHTSA)</span>
3 0
2 years ago
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