Record the cost that would not be recorded

Assignment Help Financial Accounting
Reference no: EM132526104

Blue Sky Co. purchased an automated assembly machine on August 1, Q1 2018. The following costs were incurred in the purchase and installation of the machine.

Invoice Price 1,200,400

Purchase discount 7,800

Installation costs 78,000

Transportation costs to Blue Sly 18,900

Spare parts for future use 5,450

Question 1: Record the cost (costs) that would not be recorded in the value of the asset.

Reference no: EM132526104

Questions Cloud

What is the genetic abnormality : Based ont the genetic disorder, klinefelters syndrome: who is affected? What is the genetic abnormality? What treatments are available?
What is the leadership paradox : What is the leadership paradox? Give some reasons why a leader can encounter difficulty in newly formed teams or groups using a participative management system
Compute such variances as can be derived from the data : During the preceding month, the actual production was 7,560 units. Compute such variances as can be derived from the above data
Provide percent and apportioned value : Provide percent and Apportioned value. ABC paid $980,000 for land appraised at $394,900, building $369,700 and Q2 land improvements $75,600.
Record the cost that would not be recorded : Record the cost (costs) that would not be recorded in the value of the asset. Blue Sky Co. purchased an automated assembly machine on August
Pine trees outcompete fir trees : Using tree cores you measure the annual growth rings of fir trees in the Sierras at high and low elevation; you also note whether an individual of another
Business management domain : Identify the two most important areas a CIO should accept responsibility for in order to strategically lead the organization.
Journalize the transactions for canyon ferry boating : Journalize the transactions for Canyon Ferry Boating Corporation during the current fiscal year. Split the common stock 2 for 1 and reduced the par
In a cell cycle after the anaphase : In a Cell Cycle after the anaphase if a cell has 10 chromosomes how many chrommatids does it have

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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