The Roger's Company incurred the following costs in the acquisition factory production equipment: Invoice price $2,675 Purchase
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Question:
The Roger's Company incurred the following costs in the acquisition factory production equipment:
Invoice price | $2,675 |
Purchase discount lost | 75 |
Freight-in | 400 |
Installation | 750 |
Cost of trial runs | 150 |
What is the capitalizable cost of the equipment?
a). $3,900
b). $3,825
c). $2,675
d). $4,050
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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