Question

Danube Corp. purchased a used machine for $ 16,000. The machine required installation costs of $ 6,000 and insurance while in transit of $ 800.

At which of the following amounts would the machine be​ recorded?

a) $16,000 b) $22,000 c) $16,800 d) $22,800

Answer 1

A) 16,000 because the other two requirements are added to the machine after it is all paid for unless the insurance is bought with the machine which then it would be C) 16,800