Question

1 points Saw AUS company had the following associated with the purchase of a piece of equipment from Japan that t will use to manufacture the firm's wdgets Purchase price of Equipment Shipping cost from Japan to USA Cost to test the new equipment Cost to insure the equipment in the second year Cost of expensive brackets to install he equipment $300,000 $ 21,000 S 27,000 S 3,000 S 10,000 What amount should be recorded for the purchase of the land? O a None of the above b $361,000 О с $351,000 d $321,00 $348,000

Answer 1

(a) None of the above

All costs are included in Purchase of equipment that getting place an asset and ready for use.

Purchase price + Shipping cost + Testing +Installation cost

$300000+$21000+$27000+$10000=$358000