Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work required...
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Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850 Required: Indicate whether each cost should be included in the cost of the equipment or excluded and expensed as incurred. Costs Account Invoice cost Electrical work required for installation Delivery costs Salos tax Amount Included or Excluded $ 190,000 Included 20,000 included 4,000 included 13,700 included 1,850 (Excluded $ 227,000 Repair costs Total recorded cost
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