Kelly Melnik owns and operates Aaladin Print Co During

July
Kelly Melnik owns and operates Aaladin Print Co. During July, Aaladin Print Co. incurred the
following costs in acquiring two printing presses. One printing press was new, and the other was
used by a business that recently filed for bankruptcy.Costs related to new printing press:1.
Sales tax on purchase price2. Insurance while in transit3. Freight4. Special foundation5. Fee
paid to factory representative for installation6. New parts to replace those damaged in unloading
Costs related to used printing press:7. Fees paid to attorney to review purchase agreement8.
Installation9. Repair of vandalism during installation10. Replacement of worn-out parts 11.
Freight 12. Repair of damage incurred in reconditioning the pressa. Indicate which costs
incurred in acquiring the new printing press should be debited to the asset account.b. Indicate
which costs incurred in acquiring the used printing press should be debited to the asset
account.View Solution:
Kelly Melnik owns and operates Aaladin Print Co During July
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