Amount to be capitalized as cost

Assignment Help Accounting Basics

Reference no: EM13125755

Storm Corporation purchased a new machine on October 31, 2010. A $1,200 down payment was made and three monthly installments of $3,600 each are to be made beginning on November 30, 2010. The cash price would have been $11,600. Storm paid no installation charges under the monthly payment plan but a $200 installation charge would have been incurred with a cash purchase. The amount to be capitalized as the cost of the machine on October 31, 2010 would be ?

Reference no: EM13125755

Questions Cloud

Explain how this might affect society : Imagine the U.S. as a nation that did not practice any types of religion. Explain how this might affect society.

Find the ph of a solution prepared by dissolving all : Find the pH of a solution prepared by dissolving all of the following compounds in one beaker and diluting to a volume of 1.00 L: 0.180 moles acetic acid (pKa=4.75), 0.180 mole sodium acetate

Calculate the number and total cost of the units available : The company uses a periodic inventory system. On December 31, 2011, a physical count reveals that 35,000 units of its product remain in inventory. Calculate the number and total cost of the units available for sale in year 2011

What is h basis in the real estate : Basis of Inherited Property. The basis of property acquired from a decedent is generally fair market value at date of death. What are the two exceptions to this rule ( do not include property subject to special-use valuation)?

Amount to be capitalized as cost : Storm paid no installation charges under the monthly payment plan but a $200 installation charge would have been incurred with a cash purchase. The amount to be capitalized as the cost of the machine on October 31, 2010 would be ?

Find probability that flight will land between range : Which of these best approximates the probability that a flight will land between 40 and 45 minutes late? .071 .284 .375 .643 .929.

Compute the molar mass of the unknown gas : Calculate the molar mass of the unknown gas. (remember that the faster the rate of effusion, the shorter the time required for effusion of 1.0L

Determining normal subgroups of group : Suppose that N and M are two normal subgroups of G and that N intersection M = (e). Show that for any n belongs to N, m belongs to M, nm = mn.

What concentrations are needed : Using phosphoric acid, what concentrations are needed to give a pH 8.10 solution with an ionic strength of 0.100 M?

User Account

All Pages