A Company Purchased a Used Machine for $80,000

question 42

Multiple Choice

A company purchased a used machine for $80,000. The machine required installation costs of $8,000 and insurance while in transit of $500. At which of the following amounts would the equipment be recorded?

• A)$80,500
• B)$88,500
• C)$88,000
• D)$80,000

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Definitions:

Coolidge Effect

A phenomenon seen in animals and humans, where males exhibit renewed sexual interest if introduced to new receptive females.

Oral Sex

Sexual activity involving the stimulation of the genitalia of a partner using the mouth.

Committed Relationship

A long-term partnership between individuals where there is mutual affection, trust, and support.

Opportunity Arises

The emergence of a situation or condition that makes it possible to do something or for something to happen.