Whole Grain Bakery purchases an industrial bread machine for $21,500. In addition to the purchase price,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Whole Grain Bakery purchases an industrial bread machine for $21,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,150, installation, $2,300; testing, $650, and property tax on the machine for the first year, $430. What is the initial cost of the bread machine? Total cost of the bread machine $ 0 Whole Grain Bakery purchases an industrial bread machine for $21,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,150, installation, $2,300; testing, $650, and property tax on the machine for the first year, $430. What is the initial cost of the bread machine? Total cost of the bread machine $ 0
Expert Answer:
Answer rating: 100% (QA)
Initially when an asset is purchased then we add up all the cost which are incurred to bring ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
Students also viewed these accounting questions
-
Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. The company...
-
Whole Grain Bakery purchases an industrial bread machine for $ 30,000. In addition to the purchase price, the company makes the following expenditures: freight, $ 2,000; installation, $ 4,000;...
-
In addition to the proton marked Ha in m-nitrostyrene in Figure 13.18, there are two other vinylic protons. Assuming that the coupling constant between the two geminal protons in ArCHoeCH2 is 2 Hz...
-
To enable a process to Wait(condition) within the monitor, which one of the following is TRUE? All of mentioned Semaphore must be used Condition variables must be used as boolean objects A condition...
-
On April 8, Burchette received a telephone call from Bleluck, a truck dealer, who told Burchette that a new model truck in which Burchette was interested would arrive in one week. Although Bleluck...
-
1. Should Hasit be concerned about the lack of insurance on his brokerage account? Are there any specific securities acts you could cite to back up your answer? 2. Chandni is concerned about insider...
-
How does the FBI define white-collar crimes?
-
On December 31, 2008, Menachem Inc. rendered services to Begin Corporation at an agreed price of $91,844.10, accepting $36,000 down and agreeing to accept the balance in four equal installments of...
-
? Use the Admin soft system to apply all these transactions cases (Don't close any window because you will need it to solve questions below in page 3) ?Set up a new organization named as Zara and ...
-
8.1 Create a one-way data table for profit at different levels of supplier contact in range B22:C33. Ensure that the price in cell C3 is $290 and the advertising budget in cell C5 is $35,000,000 (you...
-
You want to save (deposit) $5987 per year, starting next year, to make a down payment of $77138 on a vacation home. If you can earn 6.87 percent on your investment, for how many years will you have...
-
Please list some leadership management tactics you have read about that relate to Wegman's "winning strategy."
-
answer the following in 200 words or more for each Q Describe two common pricing strategies used by health care organizations. What is the difference between public utility regulations and...
-
(1 point) Find the the general antiderivative F(x) of the function f(x) given below. Note that you can check your answer by differentiation. f(x) = x sin(x) antiderivative F(x) : =
-
An analyst has collected the following information regarding Davidson Corporation: Long Term Bonds $400,000,000 Preferred Stock $100,000,000 (400,000 shares outstanding) Total Common Equity...
-
Rele arguments 10 points in total 4. Any company that attempts to reduce inventory and its associated costs brings its own unique advantages and challenges to the battle. Having an accurate record is...
-
Desarrolle t rminos pi cuando la fuerza que act a sobre una tuber a es funci n de la densidad, el di metro y la velocidad, utilizando las variables repetitivas adecuadas y encontrando las dimensiones...
-
Prove the following D,(cos x) = - sin x (Hint: Apply the identity cos(A + B) = cos A cos B sin A sin B)
-
Reed owns a consulting company, while Sophie operates a maintenance shop. For the month of June, the following transactions occurred. June 2 Sophie decides that she would like consulting at the end...
-
Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1. Calculate the current ratio for the past two years. Did the current ratio improve or weaken in...
-
What difficulties do differences in accounting standards create for multinational corporations in preparing their financial statements?
-
Describe why a small-cap stock is more likely to be a growth stock rather than an income stock.
-
Many investors buying stocks are not individuals, but institutions, such as retirement plans and mutual funds, which have extremely large amounts of money to buy and sell large blocks of stock.
-
The capital gains received on stock sales is considered income, and you have to pay taxes on it. To encourage people to invest and to hold on to those investments, the U.S. government taxes capital...
Study smarter with the SolutionInn App