Earth Sciences homework help
Earth Sciences homework help. 1. Munich Corp. acquired several non-current assets during the 20X5 fiscal year. The following information is for machinery that was purchased:Machinery (price: $196,262; non-recoverable tax: $13,738) $210,000Freight and insurance in transit 3,000Installation and testing labour costs (using Munich’s own labour) 2,600Materials cost for testing 300Insurance premium on the machinery for its first year of operation 1,100Consultant used in acquisition of the machinery 6,400Lost revenue due to downtime during installation of the machinery 4,500Estimated asset retirement obligation (ARO) for the machinery 17,580Imputed general interest costs on equity financing 3,700What is the total cost for the machinery?a) $215,900b) $239,880c) $243,580d) $244,380
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