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A company purchased a commercial dishwasher by paying cash of $8,000. The dishwasher's fair value on the date of the purchase was $10,000. The company incurred $600 in transportation costs, $500 installation fees, and paid $300 annual insurance on the equipment. For what amount will the company record the dishwasher?

Respuesta :

Samawati

Answer:

$9100

Explanation:

An asset cost of accusation includes its purchase price plus the necessary expenses incurred in preparing it for its intended use.

The purchase price for the dishwasher is $8000

other relevant costs will be

transport  $600

installation cost $500

Insurance cost is an annual expense. It is not a direct expense for preparing an asset for its intended use.

The cost to be recorded will be $8000 + 600 + 500

=$9100

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