How much of these expenditures does the company have

Assignment Help Accounting Basics
Reference no: EM133096980

Question - DEF, Inc. purchases machinery for use in its manufacturing business during FY 2020 and incurs the following expenditures in connection with the purchase 42,500 purchase price, payable in full 30 days after delivery 4000 tax on the purchase price 2200 for delivery of the machinery 3000 for installation and testing of the machinery 1100 to train staff on operating the machinery 2100 to train staff on maintaining the machinery 3350 to reinforce the factory floor and ceiling joists to accommodate the machinery's weight.

11,500 to repair the factory roof (a repair expected to extend the useful life of the factory by five years).

1,000 to have the interior of the factory and adjoining offices repainted for maintenance reasons. The repainting neither extends the life of factory and offices nor improves their usability.

How much of these expenditures does the company have to capitalize? To expense?

Reference no: EM133096980

Questions Cloud

Effectiveness during the various phases of incident : What steps can they take before, during, and after an incident to increase efficiency and effectiveness during the various phases of an incident?
Calculate the return on assets : The LIFO reserve at the beginning of the year was $285 and at the end of the year $313. Calculate the return on assets after including the adjustment for LIFO
What is the net present value of the proposed mining project : The mineral deposit would be exhausted after four years of mining. What is the net present value of the proposed mining project
Interest group liberalism : Explain how certain features or assumptions of interest group liberalism impact (or may impact) debate about the public policy you are exploring.
How much of these expenditures does the company have : The repainting neither extends the life of factory and offices nor improves their usability. How much of these expenditures does the company have
What are the latitude and longitude coordinates of SW : What is the publication date of the USGS Valley Head topographic map and What are the latitude and longitude coordinates of the NW corner of the Valley Head map
Determine the unit product cost for the new product : The annual fixed manufacturing overhead related to the product is $18,000. Determine the unit product cost for the new product
Systems of government by using several different criteria : Famously, Aristotle classified systems of government by using several different criteria. Describe his criteria and his classification system.
Calculate darrell agi : The loss from it in the current year was $52,250. Calculate Darrell's AGI after considering that Darrell's AGI was $95,000 before including any potential loss

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.

  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!

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