Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. benson company required a machine that involved th

Benson company required a machine that involved the following expenditures related factors: Gross invoice price...

80.2K

Verified Solution

Question

Accounting

Benson company required a machine that involved the following expenditures related factors:

Gross invoice price $38,000

Sale tax $1,425

Cash discounts taken $570

Freight $675

Assembly of machine $900

Installation of machine $3,350

Assorted spare parts for future use $2,700

Tuning and adjusting machine before use $450

Initial accounting cost of the machine should be?

plz show steps

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

Let A = Z and let a, b ∈ A. Prove if the following binary operations...

Advance Math
Q

A music fan at a swimming pool is listening to a radio on a diving platform....

Physics
Q

1 Of the ten stages of genocide identify the steps from the Bosnian genocide and...

Biology
Q

dr Let A be the area of a circle with radius r If dt 2...

Calculus
Q

Use the parent function f x logx and transformation techniques to graph h x log...

Calculus
Q

Krisha can pick 4 pounds of coffee beans in an hour or gather 2 pounds...

Algebra
Q

Park Corporation is planning to issue bonds with...

Accounting
Q

Luanna Incorporated manufactures game consoles. Some of the company's data was misplaced. Use the following...

Accounting
Q

When determining cost of goods sold under LIFO, we start with the first price paid...

Accounting
Q

The current assets of Margo Company are $300,000. The current liabilities are $100,000. The current...

Accounting
Q

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

Accounting
Q

Please show ALL work. Real Time, Inc. has asked you to evaluate the acquisition...

Finance