Solution-What cost should be recorded for the commercial

What cost should be recorded for the commercial safe

Reference no: EM13891019

Basket purchase allocation Minott Jewelers, Ltd., purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $14,000 from a bankrupt competitor. Appraised values were as follows: store fix- tures, $6,000; display cases, $9,000; commercial safe, $5,000.

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What cost should be recorded for the commercial safe?

Reference no: EM13891019

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What cost should be recorded for the commercial safe : Basket purchase allocation Minott Jewelers, Ltd. and a maximum-security commercial safe for a lump-sum price of $14,000 from a bankrupt competitor. What cost should be recorded for the commercial safe?

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What cost should be recorded for the commercial safe

Reference no: EM13891019

Reference no: EM13891019

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