Business, 29.11.2019 04:31 marofthejt9089

Anchor company purchased a manufacturing machine with a list price of $160,000 and received a 2% cash discount on the purchase. the machine was delivered under terms fob shipping point, and freight costs amounted to $2,400. anchor paid $3,000 to have the machine installed and tested. insurance costs to protect the asset from fire and theft amounted to $3,600 for the first year of operations. based on this information, the amount of cost recorded in the asset account would be:

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:00, montecillolinda

The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?

Answers: 2

continue

Business, 22.06.2019 01:20, 15krystall

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

Answers: 1

continue

Business, 22.06.2019 11:40, Josias13

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Answers: 2

continue

Business, 22.06.2019 13:30, ayoismeisalex

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Answers: 3

continue

You know the right answer?

Anchor company purchased a manufacturing machine with a list price of $160,000 and received a 2% cas...