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Adjusting Journal Entry using Activity based method: Purchased Machinery $10,000. Costs associated with the purchase are: freight-in...

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Accounting

Adjusting Journal Entry using Activity based method:

Purchased Machinery $10,000. Costs associated with the purchaseare: freight-in costs of $300, and construction of specializedplatform to hold the machine, $500. All amounts are paid with cash.Estimated useful life is 20,000 machine hours, with a $1,000Salvage Value.

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Adjusting Journal Entry using Activity based method:Purchased Machinery $10,000. Costs associated with the purchaseare: freight-in costs of $300, and construction of specializedplatform to hold the machine, $500. All amounts are paid with cash.Estimated useful life is 20,000 machine hours, with a $1,000Salvage Value.

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