Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company purchased a high-speed industrial centri

A company purchased a high-speed industrial centrifuge at a cost of $350,000. Shipping costs totaled...

50.1K

Verified Solution

Question

Accounting

A company purchased a high-speed industrial centrifuge at a cost of $350,000. Shipping costs totaled $14,000. Foundation work to house the centrifuge cost $8,800. An additional water line had to be run to the equipment at a cost of $2,900. Labor and testing costs totaled $6,600. Materials used up in testing cost $3,400. The capitalized cost is:

$364,000.

$375,700.

$385,700.

$388,600.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

11 In parallelogram FRED shown ED is extended to A and AF is drawn such...

Finance
1.2K views

You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price...

Programming
1.2K views

AverageGrade. Assume the professor gives five exams during the semester with grades 0 through 100 and...

Physics
1.2K views

61 If mass of electron is equal to 1840 mass of proton then energy of...

Algebra
1.2K views

Question 6 of 16 Step 1 of 1 Perform the indicated operation s and simplify...

Accounting
1.2K views

US History In 1856 the tension between slave and free states spilled over into the...

Accounting
1.2K views

The December 31, 2024, post-closing trial balance ($ in thousands) for Libby Corporation is presented...

Accounting
1.2K views

Journal entry worksheet Record the application of manufacturing overhead to production. Note: Enter debits before...

Accounting
1.2K views

pls help me Direct materials Direct labor Overhead Units manufactured...

Accounting
1.2K views

Question 5 of 13 - / 1 View Policies Current Attempt in Progress At the...

Finance
1.2K views

correct answer is there. just need help on calculations 17) A U.S. importer...

Accounting
1.2K views

On January 1, 2014, Paar Incorporated paid $38,500 for a 70% interest in Siba Enterprises,...