Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. uno corp. purchased a machine costing $230,000

2. UNO Corp. purchased a machine costing $230,000 and paid an additional $3,000 for shipping...

60.1K

Verified Solution

Question

Accounting

image
2. UNO Corp. purchased a machine costing $230,000 and paid an additional $3,000 for shipping insurance. It paid $22,000 in sales tax and $4,500 in annual property taxes for the first year. An additional $45,000 was spent on installation and testing. The company spent $10,000 on repairs and $6,000 on insurance the first year it was in service. What amount should UNO Corp capitalize for this machine? A. $300,000 B. $304,500 C. $314,500 D. $330,000

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

Q

2 Graph y sin 2x TT V TT 2 1 5 1 0 5 0...

Calculus
Q

Exercise 5-13 Changes in Selling Price, Sales Volume, VariableCost per Unit, and Total Fixed...

Accounting
Q

1.Calculate the pH of a solution obtained by mixing 100 ml of 1 M HEPES and...

Chemistry
Q

60 11 30 12 15

Geometry
Q

8 cm O 8 O 13 33 T O13 33 24 32 T of the...

Geometry
Q

the Fundamental Theorem of Calculus to evaluate the following definite integral 2 1 0 5...

Calculus
Q

37 If f x sec x then lim X A 0 B sec C sec...

Calculus
Q

cost of goods Ferpetiat Inventory Using firo Eoginning inveritory, purthases, and aves...

Accounting
Q

In the first month of operations, Mordica Company made three purchases of merchandise in the...

Accounting
Q

Which of the following deductions may be taken on a pre-tax basis? (You may select...

Accounting
Q

Cost Accounting Fundamental of Cost Accounting 4th Edition Can someone please explain and show examples...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Drs....

Accounting