24 Jul WHAT VALUE IF ANY SHOULD BE ASSIGNED TO THE PRESS AS AN INITIAL COST OF THE NEW PROJECT?
The Tattle Teller has a printing press sitting idly in its back room. The press has no market value Show more The Tattle Teller has a printing press sitting idly in its back room. The press has no market value to another printer because the machine utilizes old technology. The firm could get $250 for the press as scrap metal. The press is six years old and originally cost $148000. The current book value is $2570. The president of the firm is considering a new project and feels he can use this press for that project. What value if any should be assigned to the press as an initial cost of the new project? $0 $250 $2245 $2570 $2495 Show less
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