Kegler Bowling buys scorekeeping equipment with an invoice cost of $195,000. The electrical work required for the installation costs $20,475. Additional costs are $4,095 for delivery and $14,050 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,890. Indicate whether each cost should be recorded as the cost of the equipment or expensed as incurred.
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Kegler Bowling buys scorekeeping equipment with an invoice cost of $195,000. The electrical work req...
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