The Bud Company paid $12,000 to acquire a 100 ton press. Freight charges to deliver the...
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The Bud Company paid $12,000 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $1,500 and were paid by Bud. Installation costs amounted to $570, and machine testing charges amounted to $400. Calculate the amount that should be capitalized to the Equipment account. The Bud Company paid $12,000 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $1,500 and were paid by Bud. Installation costs amounted to $570, and machine testing charges amounted to $400. Calculate the amount that should be capitalized to the Equipment account.
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Related Book For
Accounting Information Systems basic concepts and current issues
ISBN: 978-0078025334
3rd edition
Authors: Robert Hurt
Posted Date:
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