Mack Company incurred the following expenditures to buy a new machine: Invoice, $30,000 less 10% cash
Question:
◆ Invoice, $30,000 less 10% cash discount
◆ Freight charges, $500
◆ Assembly charges, $1,400
◆ Special base to support machine, $505
◆ Machine dropped and repaired, $350
What is the actual cost of the machine?
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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