Find what is the capitalized costs

Reference no: EM132728668

Problem 1: At what point does revenue recognition occur?

Select one:

a. When the company has met its obligation on a contract
b. When the seller receives the money for the job
c. When the purchaser makes payment

Problem 2: The ABC Company purchased a printer for $2,000, and spent $200 on sales taxes and $100 for delivery and setup, What is the capitalized costs?

Select one:

a. $1,700
b. $2,000
c. $2,300

Reference no: EM132728668

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