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Bruno Enterprises Has Constructed a Heavy Weight Hydraulic Lifter That

Question 62

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Bruno Enterprises has constructed a heavy weight hydraulic lifter that it plans to use in maintaining and repairing its fleet of 18 wheeler trucks.The costs to build the lifter were wages of $11 000,raw materials of $19 000,depreciation of $4 000 and supplies of $1 000.Wages have not yet been paid.The equipment is judged to have probable future economic benefits of greater than its cost.What would be the accounting entry to record this event?


A) Bruno Enterprises has constructed a heavy weight hydraulic lifter that it plans to use in maintaining and repairing its fleet of 18 wheeler trucks.The costs to build the lifter were wages of $11 000,raw materials of $19 000,depreciation of $4 000 and supplies of $1 000.Wages have not yet been paid.The equipment is judged to have probable future economic benefits of greater than its cost.What would be the accounting entry to record this event? A) B) C) D) E) None of the given answers.
B) Bruno Enterprises has constructed a heavy weight hydraulic lifter that it plans to use in maintaining and repairing its fleet of 18 wheeler trucks.The costs to build the lifter were wages of $11 000,raw materials of $19 000,depreciation of $4 000 and supplies of $1 000.Wages have not yet been paid.The equipment is judged to have probable future economic benefits of greater than its cost.What would be the accounting entry to record this event? A) B) C) D) E) None of the given answers.
C) Bruno Enterprises has constructed a heavy weight hydraulic lifter that it plans to use in maintaining and repairing its fleet of 18 wheeler trucks.The costs to build the lifter were wages of $11 000,raw materials of $19 000,depreciation of $4 000 and supplies of $1 000.Wages have not yet been paid.The equipment is judged to have probable future economic benefits of greater than its cost.What would be the accounting entry to record this event? A) B) C) D) E) None of the given answers.
D) Bruno Enterprises has constructed a heavy weight hydraulic lifter that it plans to use in maintaining and repairing its fleet of 18 wheeler trucks.The costs to build the lifter were wages of $11 000,raw materials of $19 000,depreciation of $4 000 and supplies of $1 000.Wages have not yet been paid.The equipment is judged to have probable future economic benefits of greater than its cost.What would be the accounting entry to record this event? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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