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On November 1, 2010, Shining purchased a new display case for $7,500. Shining paid an extra $600 for delivery costs, $200 for a platform needed underneath the case, and $900 for installation costs. The display case has a $500 estimated salvage value and a 10-year estimated useful life.
-What was the total cost of the machine to Shining?

Question

Use the following information to answer questions 
On November 1, 2010, Shining purchased a new display case for $7,500. Shining paid an extra $600 for delivery costs, $200 for a platform needed underneath the case, and $900 for installation costs. The display case has a $500 estimated salvage value and a 10-year estimated useful life.
-What was the total cost of the machine to Shining?

Quizplus · Accepted Answer

The total cost includes the purchase price and all additional costs necessary to get the asset ready for use: $7,500 (purchase price) + $600 (delivery) + $200 (platform) + $900 (installation) = $9,200.

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