Sheridan Construction Company purchased a new bulldozer that had a $260,000 list price. The seller agreed to allow a 4 percent cash discount in exchange for immediate payment. The bulldozer was delivered FOB shipping point at a cost of $1,200. Sheridan hired a new employee to operate the dozer for an annual salary of $36,000. The employee was trained to operate the dozer for a one time training fee of $800. The cost of the company”s theft insurance policy increased by $300 per year as a result of adding the dozer to the policy. The dozer had a five year useful life and an expected salvage value of $26,000. Determine the asset”s cost.
https://facileessays.com/wp-content/uploads/2020/08/logoFE.png 0 0 Lucy https://facileessays.com/wp-content/uploads/2020/08/logoFE.png Lucy2022-05-19 22:57:582022-05-19 22:57:58the cost of the company s theft insurance policy increased by 300 per year as a resu 650309