Print Item
Costs of Acquiring Fixed Assets
Melinda Stoffers owns and operates ABC Prin...
Mathematics, 06.05.2021 03:40 JustTraaash
Print Item
Costs of Acquiring Fixed Assets
Melinda Stoffers owns and operates ABC Print Co. During February, ABC incurred the following costs in acquiring two printing presses. One printing press was new, and the other was purchased from a business that recently filed for bankruptcy.
a. Indicate which costs incurred in acquiring the new printing press (1-6 below) should be debited to the asset account.
Item Debited to asset account
1. Fee paid to factory representative for installation
2. Freight
3. Insurance while in transit
4. New parts to replace those damaged in unloading
5. Sales tax on purchase price
6. Special foundation
b. Indicate which costs incurred in acquiring the used printing press (7-12 below) should be debited to the asset account.
Item Debited to asset account
7. Fees paid to attorney to review purchase agreement
8. Freight
9. Installation
10. Repair of damage incurred in reconditioning the press
11. Replacement of worn-out parts
12. Vandalism repairs during installation
Answers: 3
Mathematics, 21.06.2019 17:30
Colby and jaquan are growing bacteria in an experiment in a laboratory. colby starts with 50 bacteria in his culture and the number of bacteria doubles every 2 hours. jaquan starts with 80 of a different type of bacteria that doubles every 3 hours. let x equal number of days. colbys experiment follows the model: a.) y=50*2^x b.) y=50*2^8x c.) y=50*2^12x jaquans experiment follows the model: a.)80*2^x b.)80*2^8x c.)80*2^12x
Answers: 3
Mathematics, 21.06.2019 20:00
If the simple annual interest rate on a loan is 6, what is the interest rate in percentage per month?
Answers: 1
Mathematics, 21.06.2019 20:10
Right triangle xyz has a right angle at vertex y and a hypotenuse that measures 24 cm. angle zxy measures 70º. what is the length of line segment xy? round to the nearest tenth. 8.2 cm 8.7 cm 22.6 m 25.5 cm
Answers: 1
Biology, 25.05.2021 18:20
Business, 25.05.2021 18:20
Mathematics, 25.05.2021 18:20
English, 25.05.2021 18:20
Spanish, 25.05.2021 18:20
Mathematics, 25.05.2021 18:20
Health, 25.05.2021 18:20
Biology, 25.05.2021 18:20