Business Finance
accounting queston 3

Question Description

i am stuck on the following problem. here is a pic of the problem

use this following link as a guide on how to show all work/how u got the answers

thanks in advance

Final Answer


A expenditure incurred on asset to make in present condition and location is included in the cost

    List price                                                                                    =$210,000

-Cash discount@3.4% on list price  (3.4%*210,000)                   =$7140

+Freight charges                                                                           =$2,800

+Installation charges                                                                     =$4,400

Total cost of asset                                                                         =$210,060

where insurance cost cannot take part in total cost

Purdue University

I was on a very tight deadline but thanks to Studypool I was able to deliver my assignment on time.

The tutor was pretty knowledgeable, efficient and polite. Great service!

Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.


Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors