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PARRISH 8 8-1 ACQUISITIONS OF ASSETS For the following asset plese identify the costs.  For any costs that are not included in the asset cost, specify how they would be recorded. Invoice price $90,000 (2/10, n/30) Sales Tax 3,400 Freight to ship to Company 6,000 Transport to factory 1.900 Repair of chip in machine from damage in loading 500 Training of operators 3,600 Lunch for truck drivers in transit 25

PARRISH 8 8-1 ACQUISITIONS OF ASSETS For the following asset plese identify the costs.  For any costs that are not included in the asset cost, specify how they would be recorded. Invoice price $90,000 (2/10, n/30) Sales Tax 3,400 Freight to ship to Company 6,000 Transport to factory 1.900 Repair of chip in machine from damage in loading 500 Training of operators 3,600 Lunch for truck drivers in transit 25

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 20E: (Appendix 11.1) Depreciation for Financial Statements and Income Tax Purposes Dinkle Company...
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PARRISH 8 8-1 ACQUISITIONS OF ASSETS

For the following asset plese identify the costs.  For any costs that are not included in the asset cost, specify how they would be recorded.

Invoice price $90,000 (2/10, n/30)

Sales Tax 3,400

Freight to ship to Company 6,000

Transport to factory 1.900

Repair of chip in machine from damage in loading 500

Training of operators 3,600

Lunch for truck drivers in transit 25

 

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