On March 1, Bartholomew Company purchased a new stamping machine with a list price of $88,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $3,100; sales tax paid, $6,720; installation costs, $1,900; routine maintenance during the first month of operation, $3,000. The cost recorded for the machine was:

Multiple Choice 

$83,600. 

$93,420. 

$95,320. 

$98,320.

Answer rating: 100% (QA)

Answer is 95320 The orutine maitenance of 3000 is to be expensed and ... View the full answer