Desert State University installed a HD video board with an invoice price of $5,000,000 in its footballstadium. Desert State paid an additional $100,000 of delivery and installation costs relating tothis board. Because this is one of the largest boards in the world, Desert State also installed ten5-ton air conditioning units at a total cost of $120,000 to keep the board cool in the desert heat.Required:Determine the cost of the video board.
Desert State University installed a HD video board with an invoice price of $5,000,000 in its footballstadium. Desert State paid an additional $100,000 of delivery and installation costs relating tothis board. Because this is one of the largest boards in the world, Desert State also installed ten5-ton air conditioning units at a total cost of $120,000 to keep the board cool in the desert heat.Required:Determine the cost of the video board.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Desert State University installed a HD video board with an invoice price of $5,000,000 in its football stadium. Desert State paid an additional $100,000 of delivery and installation costs relating to this board. Because this is one of the largest boards in the world, Desert State also installed ten 5-ton air conditioning units at a total cost of $120,000 to keep the board cool in the desert heat. Required: Determine the cost of the video board. |
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