Q7 Q8 Unayzah Company purchased a machine for 50,000SR. The company paid 4,000SR...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Q7
Q8
Unayzah Company purchased a machine for 50,000SR. The company paid 4,000SR for transportation till its factory and 2,000SR for trials and tests so that the machine could start working. The insurance to be paid every year because of the danger of this machine for employees is 1,000SR. How much is the total cost of the machine to be shown on the non-current asset account? a. SR54,000 b. SR50,000 c. SR57,000 d. SR56,000 An item of inventory was purchased for SR1000. The Net Realizable Value SR 1100 although SR200 will need to be spent on it in order to achieve the sale. At what value should this item of inventory be included in the financial statements? a. SR1000 b. SR1100 c. SR900 d. SR 1300
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!
