Riverdale Corp purchased a printing press for $42,000. Related costs included: ⚫ Delivery charges: $1,800 ⚫ Testing and calibration: $1,200 . One-year warranty: $900 ⚫ Site preparation: $2,500 What is the proper capitalized cost of the printing press? a. $42,000 b. $47,500 c. $48,400 d. $45,500
Riverdale Corp purchased a printing press for $42,000. Related costs included: ⚫ Delivery charges: $1,800 ⚫ Testing and calibration: $1,200 . One-year warranty: $900 ⚫ Site preparation: $2,500 What is the proper capitalized cost of the printing press? a. $42,000 b. $47,500 c. $48,400 d. $45,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the proper capitalized cost of the printing press?

Transcribed Image Text:Riverdale Corp purchased a printing press for $42,000. Related costs included:
⚫ Delivery charges: $1,800
⚫
Testing and calibration: $1,200
.
One-year warranty: $900
⚫ Site preparation: $2,500
What is the proper capitalized cost of the printing press?
a. $42,000
b. $47,500
c. $48,400
d. $45,500
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