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Bonita Industries purchased equipment for $46400. Sales tax on the purchase was $2784. Other costs incurred were freight charges of $696, repairs of $406 for damage during installation, and installation costs of $774. What is the cost of the equipment

Respuesta :

akiran007

Answer:

Cost Of the Equipment = $ 51,060

Explanation:

Equipment  = $46400.

Add

Sale tax=          $ 2784

Freight charges  $696

Repairs                  $406

Installation costs  $774

Cost Of the Equipment = $ 51,060

The cost of equipment includes all charges that makes it ready for use. These maybe the installation charges the sales tax paid, freight charges any repairs on damage during installation.

All costs incurred to make the equipment  operational are included in the cost of the machinery.

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