11) To which account should title transfer fees be recorded?
12) To which account are repairs and maintenance after start-up recorded?
13) Do we record the sales taxes on the purchase of machinery to an asset or expense account? Be specific as to which asset or expense account.
14) To which account should the cost of installing fences be recorded?
15) Jimmie Company made a basket purchase involving four assets. Their market values were A: $45,000;
B: $37,500; C: $41,000; and D: $53,000. The price Jimmie paid for the four assets was $145,000. To the nearest dollar, what final price will Jimmie record for asset D?
16) Ryan Corporation made a basket purchase of three items. Item A was appraised at $35,000; item B was appraised at $55,000; and item C was appraised at $60,000. The purchase price was $125,000. The amount at which item A should be recorded (rounded to the nearest dollar) is __________.
17) A company has installed a piece of machinery for a total of $76,000. In its third month of operation, repairs of $1,300 had to be made on the machine. The $1,300 would be allocated to which account?
18) The cost of removing unwanted buildings from land would be allocated to which account?
19) Ryan Corporation made a basket purchase of three items. Item A was appraised at $35,000; item B was appraised at $55,000; and item C was appraised at $60,000. The purchase price was $125,000. At what amount should item B be recorded?
20) Ryan Corporation made a basket purchase of three items. Item A was appraised at $35,000; item B was appraised at $55,000 and item C was appraised at $60,000. The purchase price was $125,000. At what percentage of purchase price should item C be recorded? At what amount should item C be recorded at (rounded to the nearest dollar)?