Kegler Bowling installs automatic scorekeeping equipment with an Invoice cost of

Question

Kegler Bowling installs automatic scorekeeping equipment with an Invoice cost of $165,000. The electrical work required for the Installation costs $17,000. Additional costs are $3,400 for delivery and $11,865 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 $t1.600 What is the total recorded cost of the automatic scorekeeping equipment? Print Total costE DR Expense Invoice cost Electrical work required for installation Delivery costs Sales tax Repair costs 165,000 17,000 3,400 11,865 1,600 S 198,865 References Total

Explanation / Answer

CALCULATION OF THE TOTAL COST OF EQUIPMENT Total Cost Included / Excluded DR. Machienary Dr. Expenses Invoice Cost $                    1,65,000 Incuded $            1,65,000 Electrical Work Required for installation $                       17,000 Incuded $                17,000 Delivery Costs $                          3,400 Incuded $                  3,400 Sales Tax $                       11,865 Incuded $                11,865 Repair Cost $                          1,600 Excluded $                     1,600 Total $                    1,98,865 $            1,97,265 $                     1,600

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