Solved: Basket purchase allocation minott jewelers ltd and a, Cost Accounting

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Basket purchase allocation minott jewelers ltd and a

Basket purchase allocation Minott Jewelers, Ltd., purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $14,000 from a bankrupt competitor. Appraised values were as follows: store fix- tures, $6,000; display cases, $9,000; commercial safe, $5,000.

Required:

What cost should be recorded for the commercial safe?

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Cost Accounting: Basket purchase allocation minott jewelers ltd and a

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Cost Accounting: Basket purchase allocation minott jewelers ltd and a

Reference No:- TGS01184266

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