PLEASE SHOW YOUR WORK!Hadley Company purchased an asset with a list price of $132,140.Hadley...PLEASE...

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Accounting

PLEASE SHOW YOUR WORK!
Hadley Company purchased an asset with a list price of $132,140.Hadley paid $729 of transportation-in cost, $655 to train anemployee to operate the equipment, and $503 to insure the assetagainst theft after it has been set up in the factory. The assetwas purchased under terms 1/20/n30 and Hadley paid for the assetwithin the discount period. Based on this information, Hadley wouldcapitalize the asset on its books at what dollaramount? $___________
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On January 1, Year 1, Pearson Moving Company paid $34,900 cashto purchase a truck. The truck was expected to have a ten yearuseful life and an $3,100 salvage value. If Pearson uses thestraight-line method, the amount of accumulateddepreciation recognized on the Year 4balance sheet is $_
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Bridge City Consulting bought a building and the land on whichit is located for $207,200 cash. The building is estimated torepresent 56 percent of the purchase price. The company paid$86,390 for building renovations before it was ready for use.
When preparing the journal entry to record all expendituresrelated to the purchase and renovation, the debit tobuilding would be $
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Dillard Company starts the year with $10,000 in its cashaccount, $10,000 in its equipment account, $2,000 in accumulateddepreciation and $18,000 in its retained earnings account. Duringthe year Dillard sells the equipment for $8,570. After the sale ofequipment is recorded, the retained earningsaccount will have a balance of $__.

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Hadley Company purchased an asset with a list price of 132140 Hadley paid 729 of transportationin cost 655 to train an employee to operate the equipment and 503 to insure the asset against theft after it has been set up in the factory The asset was purchased under terms 120n30 and Hadley paid for the asset within the discount period Based on this information Hadley would capitalize the asset on its books at what dollar amount 1314671 Solu 1 See Answer

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In: AccountingPLEASE SHOW YOUR WORK!Hadley Company purchased an asset with a list price of $132,140.Hadley...PLEASE SHOW YOUR WORK!Hadley Company purchased an asset with a list price of $132,140.Hadley paid $729 of transportation-in cost, $655 to train anemployee to operate the equipment, and $503 to insure the assetagainst theft after it has been set up in the factory. The assetwas purchased under terms 1/20/n30 and Hadley paid for the assetwithin the discount period. Based on this information, Hadley wouldcapitalize the asset on its books at what dollaramount? $_______________==============================On January 1, Year 1, Pearson Moving Company paid $34,900 cashto purchase a truck. The truck was expected to have a ten yearuseful life and an $3,100 salvage value. If Pearson uses thestraight-line method, the amount of accumulateddepreciation recognized on the Year 4balance sheet is $_______=======================Bridge City Consulting bought a building and the land on whichit is located for $207,200 cash. The building is estimated torepresent 56 percent of the purchase price. The company paid$86,390 for building renovations before it was ready for use.When preparing the journal entry to record all expendituresrelated to the purchase and renovation, the debit tobuilding would be $________=====================Dillard Company starts the year with $10,000 in its cashaccount, $10,000 in its equipment account, $2,000 in accumulateddepreciation and $18,000 in its retained earnings account. Duringthe year Dillard sells the equipment for $8,570. After the sale ofequipment is recorded, the retained earningsaccount will have a balance of $________.