accounting queston 3

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

http://imgur.com/lKUTWtg

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

https://www.studypool.com/free/157147/accounting-q...

thanks in advance

Mar 10th, 2015

D.$210,060

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


Mar 10th, 2015

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