Multiple Choice
A machine was built for $125,500 during July; the cost included $750 in interest expense. The company had to pay $4,000 for shipping and another $2,000 for insuring the parts. Following ASPE, the capitalized cost of the equipment was
A) $124,750.
B) $125,500.
C) $131,500.
D) $132,250.
Correct Answer:
Verified
Correct Answer:
Verified
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