The International Shipping Company incurred the costs below related to a new packing machine: Invoice price of
Question:
The International Shipping Company incurred the costs below related to a new packing machine:
Invoice price of packing machine.................................$95,000
Cash discount for prompt payment..................................3,700
Transportation costs........................................................2,460
Installation costs..............................................................1,325
What is the capitalized cost of the new packing machine?
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Rajat Gupta
used to take tution classes from my school time.
Conducted special topic claases during my graduation to help the students pass their exams.
Currently, teaching and conducting online claases during my post- graduation too.
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Related Book For 
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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