What is the acquisition cost of the new computer?
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 9EB: Ronson recently purchased a new boat to help ship product overseas. The following information is...
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Don Company has recently purchased a computer system for its office. The following information was gathered in relation to the acquisition of the unit: List price- P304,000 Trade discount and rebates taken- P112,000 Installation and assembly cost- P6,400 Initial delivery and handling cost- P12,800 Purchase discount- 2% What is the acquisition cost of the new computer?
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