Fixed Assets. We are a graphic arts company, and at the beginning of 2 0 1 6
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Fixed Assets. We are a graphic arts company, and at the beginning of we acquired a new printer. The price of this printer was euros. The additional expenses of the purchase were as follows:
Installation and assembly: euros.
Transportation and delivery: euros.
All operations have a VAT not included and the payment of the amounts is made by bank check.
During January, the assembly and installation of the new printer takes place, which is in perfect working condition from February the st
The useful life expectancy of the printer is estimated at years, and its amortisation will be carried out following the linear method. Additionally, at the end of its useful life, the company will have to face the costs of dismantling and rehabilitation of the place. Estimating said costs in euros. Besides, said machinery requires specialised weekly maintenance, amounting to euros per month.
Calculate:
The initial cost of the acquisition.
The amortization fees.
The costs derived from daily maintenance.
Related Book For
Intermediate Accounting
ISBN: 978-1118300855
10th Canadian Edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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