Question
In: Accounting
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 |
Solutions
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 3 years agoRelated Solutions
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