Rogeartest4
Rogeartest4
17.10.2019 • 
Business

Somerset company acquired a piece of equipment with a list price of $200,000 for $150,000. freight to somerset's location was $7,000. installation and testing costs were $10,500. an old piece of equipment was scrapped as a result of this new purchase. the old piece of equipment had an undepreciated value (net book value) of $8,000. the new piece of equipment is expected to have a 10 year life and a salvage value of $15,000. what is the total value assigned to the new piece of equipment?

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