kegler bowling buys scorekeeping equipment with an invoice cost of $160,000. the electrical work required for the installation costs $16,800. additional costs are $3,360 for delivery and $11,530 for sales tax. during the installation, the equipment was damaged and the cost of repair was $1,550. required: indicate whether each cost should be included in the cost of the equipment or excluded and expensed as incurred.

A tax is an obligatory financial charge or a few different forms of levy imposed on a taxpayer (a person or felony entity) by using a governmental organization in order to fund government spending and various public costs (nearby, nearby, or national), and tax compliance refers to coverage movements and man or woman behavior geared toward making sure that taxpayers are paying the right amount of tax on the right time and securing the best tax allowances and tax reliefs. the first recognized taxation passed off in historical Egypt around 3000–2800 BC. A failure to pay in a timely way (non-compliance), alongside evasion of or resistance to taxation, is punishable via law. Taxes include direct or oblique taxes and may be paid in cash or as its labor equivalent.

In monetary phrases, taxation transfers wealth from households or businesses to the government. This has effects on the monetary boom and monetary welfare that can be each expanded (known as an economic multiplier) or reduced (referred to as the extra burden of taxation).

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Complete Question:

Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $160,000. The electrical work required for the installation costs $16,500. Additional costs are $3,300 for delivery and $11,510 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $1,550.What is the total recorded cost of the automatic scorekeeping equipment?