Kramer Limited Purchased a New Tractor for Use in Its

question 6

Multiple Choice

Kramer Limited purchased a new tractor for use in its daily operations.The tractor had a list price of $82,000, but Kramer's management was able to purchase the machine for $75,000 plus $3,000 in taxes.Kramer paid $2,000 to have the tractor delivered and an additional $1,000 to have it tested and calibrated.At what cost should the tractor be recorded in Kramer's books?

• A)$75,000
• B)$78,000
• C)$81,000
• D)$88,000

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Definitions:

Ability

The possession of the means or skill to do something, often considered in terms of natural talent or acquired skills.

Ethical Behavior

Conducting oneself according to morally sound principles in personal and professional settings.

Environmental Abuses

Refers to activities and actions that cause harm or damage to the natural environment, often due to human activities such as pollution, deforestation, and wildlife exploitation.

Direction of Attention

The focus or prioritization of cognitive resources on specific aspects of the environment or a task.