Question: Can I get some help with this equation? thank you Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had

Can I get some help with this equation? thank you Can I get some help with this equation? thank you Southwest Milling

Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $117.290. The seller agreed to allow a 4.25 percent discount because Southwest Milling pald cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,160. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $1120. The loader operator is paid an annual salary of $43,290. The cost of the company's theft Insurance policy increased by $2.350 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $9,900 Required Determine the amount to be capitalized in the asset account for the purchase of the front-end loader. (Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign.) Costs that are to be capitalized: List price Total cost

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