User Account

All Pages

Calculate the amount to be capitalized for this machine

Assignment Help Accounting Basics
Reference no: EM132662983

Question - XYZ Enterprises purchased a heavy machine for $28000, terms 1/10, n/60, FOB shipping point. It received a freight invoice from Fast Delivery for $450.XYZ took advantage of the discount. It also required a special steel mounting and power connection costing $985 and another &600 was paid to put the machine into operation. However due to mishandling during installation a part was damaged and had to be replaced for $380.Another $310 was paid to labor as installation charges. Special insurance @200 per month was needed henceforth. Calculate the amount to be capitalized for this machine.

Reference no: EM132662983

Questions Cloud

Describe the public health concerns in haitiaccess : Cultural Differences in Public Health: Students will write a 5 page paper on Public health concerns in Haitiaccess to adequate healthcare.
Write essay on importance of education : Write essay on Importance of education.
Introduced ten blockchain implementation obstacles : Chapter 10 introduced ten blockchain implementation obstacles. choose two obstacles from those discussed in chapter 10,
Discuss what performance management : Discuss what performance management is and how it influences effective teams.
Calculate the amount to be capitalized for this machine : XYZ Enterprises purchased a heavy machine for $28000, terms 1/10, n/60, FOB shipping point. Calculate the amount to be capitalized for this machine
Vulnerability assessment and penetration testing : What is the difference between VA(Vulnerability Assessment) and PT(Penetration Testing)? Per enterprise security assessments?
Compute the balances of net income : Cash dividends of P300,000 were paid and share dividends of P200,000 were issued on 12/31/2019. Compute the balances of net income
Fundamental security design principles : Compare and contrast two fundamental security design principles. Analyze how these principles and how they impact an organizations security posture.
Enterprise security architecture solution : Your ability to represent an enterprise security architecture solution as a diagram or diagrams with annotations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd