Fair value of the equipment

Reference no: EM13133430

Circle Co. purchased a piece of equipment by paying $10,000 cash. Circle Co. also incurred a shipping cost of $600 to get the equipment back to its factory. The fair value of this equipment is $11,000. For what amount should Circle Co. record the equipment?

a) $10,000

b) $10,600

c) $11,000

d) $11,600

Reference no: EM13133430

Questions Cloud

Brief personal analysis : Sources used to research this person 4-5 non-web based (Periodical, date, pages, etc. MLA) with works sited on the last page. Do not reference the course text book.

Find the cumulative distribution function : Find the cumulative distribution function and the probability that any given defects occur between 1.5 miles and 2.5 miles along the stretch of road?

Finding velocity and position vectors : Given that the acceleration vector is a(t) = (-9cos(-3t)) i + (-9sin(-3t)) j + (-2t) k , the initial velocity is v(0) = i + k , and the initial position vector is r(0) = i+j+k , compute:

Define the sample space for experiment : Is the event of choosing card green or blue on the first selection independent of choosing card green or red on the second selection? Why or why not?

Fair value of the equipment : Circle Co. purchased a piece of equipment by paying $10,000 cash. Circle Co. also incurred a shipping cost of $600 to get the equipment back to its factory. The fair value of this equipment is $11,000. For what amount should Circle Co. record the ..

Find the critical value for number of acres : A random sample of 5 parks is selected and the number of acres is shown at alpha= 0.05, find the critical value. 944, 1036, 790, 5842,566

Concept of marginal tax rate : Therefore, the S corporation sells the assets, resulting in a $90,000 capital gain, and liquidates. Assuming that Phil is subject to a marginal tax rate of 30%, what taxes are due?

Business proposal for your chosen good or service : Business proposal for your chosen good or service. Include assumptions about the elasticity of demand and the market structure for the good or service.

Evaluate the projects with different lives : Which project would you recommend using the replacement chain method to evaluate the projects with different lives?

User Account

All Pages