The Roger’s Company incurred the following costs in the acquisition of a plant asset:What is the...

The Roger’s Company incurred the following costs in the acquisition of a plant asset:What is the cost of the plant asset? Can explain

Invoice price	$2,675
Insurance for shipping	75
Freight-in	400
Installation	750
Cost of trial runs	150

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Expert Solution

Cost of the plant asset = Invoice price - Insurance for shipping + Freight-in + Installation + Cost of trial runs

Cost of the plant asset = $2,675 - $75 + $400 + $750 + $150

Cost of the plant asset = $3,900

ekkarill92 answered 2 years ago

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