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(Solution Download) 1. Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The el


 

 

 

 

 

 

 

1. Kegler Bowling installs automatic scorekeeping equipment with

 

an invoice cost of $190,000. The electrical work required for the

 

installation costs $20,000. Additional costs are $4,000 for

 

delivery and $13,700 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 $1,850.

 

 

  

 

 

 

 

 

 

 

 

What is the total recorded cost of the automatic scorekeeping

 

equipment?

 

 

2. Known liabilities:

 

-a. Include accounts payable, notes payable, and payroll

 

-b. Are obligations set by agreements, contracts, or laws

 

-c. Are measurable

 

-d. Are definitely determinable

 

-e. All of the choices are correct

 

 


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