Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. production equipment is purchased at the cost of $

Production equipment is purchased at the cost of $87,500. In addition, the company paid $2,450...

90.2K

Verified Solution

Question

Accounting

Production equipment is purchased at the cost of $87,500. In addition, the company paid $2,450 in shipping costs, $1,650 to install the equipment, and a $589.00 insurance cost due to the new equipment. What will be the cost of the equipment on the balance sheet?

Select one:

a.

$91,600

b.

$82,770

c.

$89,739

d.

$80,610

e.

$92,200

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

Chemistry
1.2K views

30.0 mL solution of 0.010 M piperidine (the active ingredient in hot pepper, the protonated form...

Physics
1.2K views

A dipole moment, p = (2 Cm i) + (-5 Cm j) + (7 Cm...

Physics
1.2K views

is 11 An ideal gas of adiabatic exponent Y 5 expanding at constant pressure The...

Physics
1.2K views

A force 3i j 2k N acting on a body maintains its velocity ai 2j...

Basic Math
1.2K views

Transversal CD cuts parallel lines PO and RS at points X and Y respectively. The...

Accounting
1.2K views

Smythe Manufacturing has 27,000 labor hours available for producing X and Y. Consider the following...

Accounting
1.2K views

In the Swifty Corporation, indirect labor is budgeted for $121500 and factory supervision is budgeted...

Accounting
1.2K views

If a product sells for $8, variable costs are $6 and fixed costs are $150,000,...

Accounting
1.2K views

Si los bonos se emiten en 103, esto significa que: a) Un bono de...

Accounting
1.2K views

Hello All, Could you please provide me with some research questions about "How IAS has...

Accounting
1.2K views

Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary...

Accounting
1.2K views

MONTGOMERY INCORPORATED Comparative Balance Sheets At December 31 Current Year Prior Year Assets...