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[solution] » Lord of the Fries is a fast-food restaurant in London. It is

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Lord of the Fries is a fast-food restaurant in London. It is
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Lord of the Fries is a fast-food restaurant in London. It is thinking about purchasing a new

deep fryer and needs your help in determining what costs can be capitalized and what costs

must be expensed.


Purchase / Contract price Capitalize Expense


Maintenance costs Capitalize Expense


Delivery costs Capitalize Expense


Delivery man?s (assume that Lord of Capitalize Expense

The Fries is paying for this)


Insurance on deep fryer Capitalize Expense


Installation costs Capitalize Expense


CEO?s Salary for Consultation on Equipment Capitalize

 







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This question was answered on: Feb 21, 2020

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