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kaylaamberd
21.04.2020 •
Business
Chocolate Supreme purchased new baking equipment for $15,000 subject to terms 4/10, n/45. The discount was taken. Additional costs included $900 in sales tax and $300 for installation. The total cost to be added to the machinery account is
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Ответ:
Cost of machine =$ 15600
Explanation:
According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
So we will add the purchase cost to the cost of delivery, tax and installation.
Note the discount is 4%
The purchase cost less discount = (100-4)% × 15,000= $14,400
The cost of the equipment = $14,400 + 900 + 300
=$ 15,600
Ответ:
pd
Explanation:
duhhh is this a real question btw