nTangible assets Assets that can be physically touched. g) select answer The maximum amount that can be depreciated the remaining carrying amount is equal to or greater than the residual value. h) select answer When each major component that has a different estimated useful life than the rest of an asset and to be recorded and depreciated separately i) select answer The value of the trade-in agreed by the purchaser and seller ) select answer The assumption that a plant and equipment asset will contribute more to the earning of revenues in the earlier stages of its useful life than in the later stages Question 2 [5 points] prepare United Corporation installed new warehouse machinery. The electrical work required to ce price of the equipment was $180,000. Additional costs were $2,500 for delivery and $25,100 sales tax ($12,500 of the sales tax was non- refundable and the balance refundable). During the installation, a component of the machinery was damaged because it was carelessly left on the floor. The cost of repairing the component was $6,250. What is the cost of the machinery? Cost of machinery $ SAVE AND CLOSE Official Time: 14:43:42 SUBMIT AND MARK