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What the capitalized cost of equipment excludes

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Reference no: EM132781134

Zooey's Catering purchased a new commercial stove for $8,000 on August 1, 2019. The company uses the double-declining-balance method to depreciate its fixed assets. Partial-year depreciation is calculated based on the number of months the asset is in service. The estimated useful life of the stove is 5 years and the residual value is $2,000.

Problem 1: The capitalized cost of equipment excludes:

A. Purchase Price.
B. None of the answers are correct.
C. Annual Maintenance.
D. Installation.
E. Shipping.

Reference no: EM132781134

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