Southwest milling co. purchased a front-end loader to move stacks of lumber. the loader had a list price of $140,000. the seller agreed to allow a 4 percent discount because southwest milling paid cash. delivery terms were fob shipping point. freight cost amounted to $1,200. southwest milling had to hire a specialist to calibrate the loader. the specialist’s fee was $1,800. the loader operator is paid an annual salary of $60,000. the cost of the company’s theft insurance policy increased by $800 per year as a result of acquiring the loader. the loader had a four-year useful life and an expected salvage value of $6,000.
determine the amount to be capitalized in the asset account for the purchase of the front-end loader. (round your answers to the nearest whole dollar. amounts to be deducted should be indicated with minus sign.)

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage