Haply, Inc. incurred the following expenditures when acquiring a new assembly machine: Price $ 175,000 Sales
Question:
Price …………………………………… $ 175,000
Sales tax……………………………….. 10,500
Delivery charges……………………….. 1,000
Installation cost………………………… 2,500
Additionally, Haply sold its old assembly machine for $ 500. What is the acquisition cost of the new assembly machine?
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Related Book For 
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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