Amount used to record the equipment
Perdue Company has purchased equipment that requires annual payments of $30,000 to be paid at the end of each of the next 6 years. The appropriate discount rate is 12%. What amount will be used to record the equipment?
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Last month, Your Corp. had actual indirect materials cost ( a variable cost ) of $45,240 and a spending variance of $3480 favorable. During that month the company worked 17,400 machine hours. Budgeted activity for the moth had been 17,000 machine
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