Business, 02.04.2021 21:10 younngchy92

Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a discount for $695,000. Great Harvest incurred and paid freight costs of $32,500, and its employees ran special electrical connections to the ovens at a cost of $4,500. Labor costs were $35,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $4,500. Great Harvest then consumed $850 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1,450 and placed the machines in operation. Prepare a schedule showing the amount at which the ovens should be recorded in Great Harvest's Equipment account.

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Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing i...