Question: Question 1 View Policies Current Attempt in Progress On August 1, 2017 Coronado Industries purchased a new machine on a deferred payment basis. A down

Question 1 View Policies Current Attempt in Progress On August 1, 2017 Coronado Industries purchased a new machine on a deferred payment basis. A down payment of $16500 was made and 4 monthly installments of $15000 each are to be made beginning on September 1, 2017. The cash equivalent price of the machine was $69500. Coronado incurred and paid installation costs mounting to $4000. The amount to be capitalized the cost of the machine is 19300 $76500 $73500 $80500 Question 2 Current Allemtin Progress On 2017 Concard Corporation purchased a new machine on a deferred payments Adown payment of $500 was made and installment of 2000 each we to be made being on September 1, 2017. The cash equivalent price of the machine was $92000. Due to employees Concord could not in the machine m a tely, and thus incurred $1800 of storage costs Costs of installation leading the storage cost mounted to $300. The mount to be captadas the cost of the machine is $96300 3000 $10.500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
