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ebeginningot theyear Grillo!ndustries ought three used machines from Freeman Inc

ID: 2563926 • Letter: E

Question

ebeginningot theyear Grillo!ndustries ought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts Machine A Machine B Machine C Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $10,700 $39,900 $23,700 2,900 3,900 2,400 900 700 600 3,800 3,400 800 By the end of the first year, each machine had been operating 8,000 hours Required: 1. Compute the cost of each machine Cost of Machine

Explanation / Answer

CALCULATE COST OF MACHINE :

Machine A Machine B Machine C Cost of the asseet 10700 39900 23700 Installation cost 900 3800 2900 Renovation cost prior to use 700 3400 3900 Cost of machine 12300 47100 30500