What is the acquisition cost of the machine

Assignment Help Accounting Basics
Reference no: EM133140428

Question - Use the information below, which relates to the purchase of a machine, to answer the question that follows. Enter your answer using digits only - no dollar signs, commas, or decimal points.

Invoice price = 160000

Shipping cost = 5000

Shipping insurance = 1500

Three-year insurance policy = 3600

Installation and testing = 7500

Employee training = 3500

What is the acquisition cost of the machine?

Reference no: EM133140428

Questions Cloud

Explain the term receivable float : Explain the term receivable float and the ways to avoid receivable float loss. Provide a hypothetical example of receivable float. Provide in-text citations
What is the largest amount you are willing to pay : In a sunny summer your profits are $90,000, while in a rainy summer your profits are $60,000. what is the largest amount you are willing to pay
What can you say about the relative expected return : Question - Below is the mean and standard deviation of the daily stock price for two companies. What can you say about the relative expected return
What is the acquisition cost of the delivery truck : Installation of interior racks and shelves = 5800 Employee training = 3000 What is the acquisition cost of the delivery truck
What is the acquisition cost of the machine : Use the information below, which relates to the purchase of a machine, to answer the question that follows. What is the acquisition cost of the machine
How much will you have in your account on january : You are making deposit of $1,000 into a savings account that pays 8%. If the interest is compounded annually, how much will you have in your account on January
Calculate ending inventory and cost of goods sold : Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods: LIFO and FIFO
Show how this transaction would appear in the assets section : William Garnett is purchasing the assets of the Delta Company for $310,000. Show how this transaction would appear in the assets section
Design and develop a java application for fedcr : Design and develop a Java application for FedCR employees to manage the car rental system. The application should have an interactive menu, allowing the user

Reviews

Write a Review

Accounting Basics Questions & Answers

  The proceeds were recorded in a capital projects fund

The proceeds were recorded in a capital projects fund

  What data do you need for each loan applicant

What data do you need for each loan applicant? What data might you need that is not typically requested on a loan application form?  Where might you get this data?

  Find how does recipient not-for-profit entity record receipt

Find How does a recipient not-for-profit entity record the receipt of a gift that will be transferred without restriction to another charitable entity

  At what amount should Watkins record the new truck

Watkins paid $65,000 cash for new truck, which had a list price of $ 90,000. At what amount should Watkins record new truck for financial accounting purposes

  What lessons about managing organizational change

What lessons about managing organizational change can be taken from this exercise and applied to other organizations in healthcare and other sectors

  What is the maximum contribution margin for upcoming year

Mountaineer Products manufactures two types of tents, If the company maximizes profits, what is the maximum contribution margin for the upcoming year?

  What is maximum deductible IRA contribution John can make

If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2020

  Journalize depreciation expense for the year ended december

Fairfield Oil Drilling Company bought a Mitashi copier machine for $170,000 on April 1, 2010. Journalize depreciation expense for the year ended December

  Calculate the amount you will pay

You will exercise the option in 90 days (if at all). Ninety days (90 days) has expired and spot rate for the Euro is $1.54. Calculate the amount you will pay

  Compute how much the balance of the fund must equal on july

Compute how much the balance of the fund must equal on July 31, 2024, in order for Rich to satisfy his objective.

  Find the shareholders equity of Tandy Co Ltd

Tandy Co. Ltd was set up with a share capital of $2 000 000. Find the shareholders' equity of Tandy Co. Ltd at the end of year 3

  Discuss the cash surrender value of a life insurance policy

Cash includes the cash surrender value of a life insurance policy $9,000, and a bank overdraft of $2,000 has been deducted.

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