Spuds Co. bought a manufacturing facility for $1,200,000. The facility included land valued at $700,000, a building valued at $400,000, and equipment valued at $200,000. When recording the assets, at what value should the equipment be capitalized? $369,231 None of these. $200,000 $646,154 $184,615

Spuds Co. bought a manufacturing facility for $1,200,000. The facility included land valued at $700,000, a building valued at $400,000, and equipment valued at $200,000. When recording the assets, at what value should the equipment be capitalized? $369,231 None of these. $200,000 $646,154 $184,615

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 14PB: Garcia Co. owns equipment that costs $150,000, with accumulated depreciation of $65,000. Garcia...

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$369,231

None of these.

$200,000

$646,154

$184,615

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