Solution-What amount of the costs should be capitalized

What amount of the costs should be capitalized

Reference no: EM132635179

Question - On September 10, 2020, Swifty Corporation incurred the following costs for one of its printing presses:

Purchase of attachment $50000

Installation of attachment 5300

Replacement parts for renovation of press 16800

Labor and overhead in connection with renovation of press 6500

Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized?

$78600.

$61800.

$72100.

Reference no: EM132635179

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What amount of the costs should be capitalized

Reference no: EM132635179

Reference no: EM132635179

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