Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 9

Amigos, Inc., purchased a used piece of heavy equipment for $30,000.elivery of the equipment to Amigos' business site cost $750.xpenditures to recondition the equipment and prepare it for use totaled $2,230.he maintenance for the first year Amijo owned the equipment was $1,370.etermine the cost that is the basis for calculating annual depreciation on the equipment.