contestada

Granite Company purchased a machine costing $120,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were $2,000. The machine requires special mounting and wiring connections costing $10,000. When installing the machine, $1,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.

Respuesta :

TomShelby

Answer:

Total cost to get the ready to use:  132,100

Explanation:

Equipment cost: 120,000 x (1 - 1%) = 118,800

shipping cost:                                        2,000

special wiring connections                 10,000

installation cost                                      1,300  

Total cost to get the ready to use:  132,100

All cost incurred to get the equipment ready to use and produce must be included in the equipment cost.

Otras preguntas