Jun 2nd, 2015
Studypool Tutor
Price: $10 USD

Tutor description


Word Count: 498
Showing Page: 1/4
E9-1A. The cost principle requires that companies record plant assets at cost. The cost is then applied to all necessary items acquired to make the asset ready for use. The company computes total of cost obtaining assets then divides the cost over the useful life of the asset. B. 1. Land2. Factory Machinery3. Delivery Truck4. Land5. Delivery Truck6. Factory Machinery7. Delivery Truck8. Delivery TruckAnother ResponseE9-1)A1) Other costs would include cash purchase price, closing costs, and real estate brokers commission. 2) Other costs would include, cash purchase price, sales taxes and freight charges3) Other costs would include the cash price and the cost of painting and lettering4) Other costs include fencing and lighting5) Other costs include cash purchase price and sales tax6) Other costs include cash purchase price, sales tax and freight charges7) Other costs include cash purchase price, sales tax and installation and testing8) Other costs are noted as expenses as they occur. B1) $5000-Land2) $200- Equipment3) $850-Equipment4) $17,500-Land Improvements5) $250-Equipment6) $8000-Equipment7) $900-Equipment8) $75-EquipmentEXERCISE 9-12Dec

Review from student

Studypool Student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

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