User Account

All Pages

What is the cost of the equipment

Assignment Help Accounting Basics
Reference no: EM131795054

Question - Fogelberg Company purchased equipment for $15,000. Sales tax on the purchase was $900. Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270. What is the cost of the equipment?

A) $16,830.

B) $15,900.

C) $15,000.

D) $16,410.

Reference no: EM131795054

Questions Cloud

Compute the opportunity cost of going to the game : Your best friend offered you $130 for the ticket now that the team is doing well. The opportunity cost of going to the game is
Future of business environment for managers : Discuss how The techniques assist in forecasting the future of business environment for managers?
Role of strategic management comes into place : The role of strategic management comes into place when companies need to determine or to re-evaluate its mission or where it wants to head to in the future.
Partial to one of the two dimensions : With respect to the Michigan and Ohio Studies, do you think leaders who focus more on followers than on the job at hand are more ethical than other leaders?
What is the cost of the equipment : Fogelberg Company purchased equipment for $15,000. Sales tax on the purchase was $900. What is the cost of the equipment
Problem on interest rate sensitivity : An investor purchased the following 5 bonds. Each bond had a par value of exist1,000 and an 10% yield to maturity on the purchase day.
Iowa study leadership styles : Of the Iowa Study leadership styles (autocratic, democratic, and laissez faire), which style is most appealing to you?
Polytechnic university of the philippines : Hi, I'm a student from the Polytechnic University of the Philippines. My report will be under the subject Management Planning and Control.
Allocate the joint cost to the four grades of apples : Allocate the joint cost to the four grades of apples using the physical units method. When required, carry out the percent calculations to three decimal places

Reviews

Write a Review

Accounting Basics Questions & Answers

  Major categories of projects

What are the four major categories of projects based on the type of change involved?

  If the same machine costs 150000 today when the market

a company purchased a semi-automatic assembly-line machine for 100000 five years ago. if the same machine costs 150000

  What is the total sales that must be generated

What is the total sales that must be generated for the company to earn a profit

  Bates corporation has prepared the following sales budget

bates corporation has prepared the following sales budget month expected sales may 84000 june 100000 july 92000 august

  On december 31 it was estimated that goodwill

On December 31, it was estimated that goodwill of $500,000 was impaired. In addition, a patent with an estimated useful economic life of eight years was acquired for $388,000 on July 1.

  What key points would you make

You have just begun a new position in the Public Relations Department of the RIAA. You have been asked to prepare a one page summary defending the organization position against music piracy. What key points would you make?

  Kunkel company makes two products and uses a conventional

kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined

  In each of the following independent cases indicate the

in each of the following independent cases indicate the amount deductible for agi deductible from agi and neither

  Management assertions and quantifying materiality

What are management assertions? How do they affect the financial statements? How does the auditor formulate audit objectives based on management assertions?

  Basics of governmental fund financial statements

January $25,000; March, $5,000. For the fiscal year ended 12/31/08, what amount should be recognized as property tax revenues related to the 2007 levy on the governmental fund financial statements?

  Discuss what should he consider as to this years income

What should he consider as to this years income, How do they report the retirement payments

  How much cash will inca breweries receive from the sale

The commission for selling a banker's acceptance in the discount market is 1.2% of the face amount. How much cash will Inca Breweries receive from the sale.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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