Bruno Enterprises Has Constructed a Heavy Weight Hydraulic Lifter That

Bruno Enterprises has constructed a heavy weight hydraulic lifter that it plans to use in maintaining and repairing its fleet of 18 wheeler trucks.The costs to build the lifter were wages of €11 000,raw materials of €19 000,depreciation of €4 000 and supplies of €1 000.Wages have not yet been paid.The equipment is judged to have probable future economic benefits of greater than its cost.What would be the accounting entry to record this event?

A) $$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Equipment expense } & 35000 & \\\hline \mathrm { Cr } & \text { Wages payable } & & 11000 \\\hline \mathrm { Cr } & \text { Raw materials inventory } & & 19000 \\\hline \mathrm { Cr } & \text { Accumulated depreciation } & & 4000 \\\hline \mathrm { Cr } & \text { Supplies } & & 1000 \\\hline\end{array}$$
B) $$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Equipment-hydraulic lifter } & 34000 & \\\hline \mathrm { Cr } & \text { Wages payable } & & 11000 \\\hline \mathrm { Cr } & \text { Raw materials inventory } & & 19000 \\\hline \mathrm { Cr } & \text { Accumulated depreciation } & & 4000 \\\hline\end{array}$$
C) $$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Equipment expense } & 34000 & \\\hline \mathrm { Cr } & \text { Wages expense } & & 11000 \\\hline \mathrm { Cr } & \text { Raw materials inventory } & & 19000 \\\hline \mathrm { Cr } & \text { Accumulated depreciation } & & 4000 \\\hline\end{array}$$
D) $$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Equipment-hydraulic lifter } & 35000 & \\\hline \mathrm { Cr } & \text { Wages payable } & & 11000 \\\hline \mathrm { Cr } & \text { Raw materials inventory } & & 19000 \\\hline \mathrm { Cr } & \text { Accumulated depreciation } & & 4000 \\\hline \mathrm { Cr } & \text { Supplies } & & 1000 \\\hline\end{array}$$