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Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work re- quired for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850. QUICK STUDY as 10-1 Cost of plant assetso C1 What is the total recorded cost of the scorekeeping equipment?

Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work re- quired for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850. QUICK STUDY as 10-1 Cost of plant assetso C1 What is the total recorded cost of the scorekeeping equipment?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work re- quired for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850. QUICK STUDY as 10-1 Cost of plant assetso C1 What is the total recorded cost of the scorekeeping equipment?
Transcribed Image Text:Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work re- quired for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850. QUICK STUDY as 10-1 Cost of plant assetso C1 What is the total recorded cost of the scorekeeping equipment?
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