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Acquisition Cost of Long-Lived Asset Derrick Construction purchased a used front-end loader for 32,000, terms 2 / 10, n / 30, F.O.B. shipping point, freight collect. Derrick paid the freight charges of 330 and sent the seller a check for 31,360 one week after the machine was delivered. The loader required a new battery, which cost Fischer 180. Derrick also spent 240 to have the company name printed on the loader and 375 for one year's insurance coverage on it. Derrick hired a new employee

Acquisition Cost of Long-Lived Asset Derrick Construction purch…

Cargo Handling & Stowage | Derrick

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