Austin Company incurred the following expenditures to buy a new machine: Invoice, $31,000 less 13% cash discount.

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Austin Company incurred the following expenditures to buy a new machine:

Invoice, $31,000 less 13% cash discount.

Freight charges, $480.

Assembly charges, $1,400.

Special base to support machine, $500.

Machine dropped and repaired, $300.

What is the actual cost of the machine?

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Mar 03, 2020 06:59 AM

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Austin Company incurred the following expenditures to buy a new machine: Invoice, $31,000 less 13% cash discount.

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College Accounting A Practical Approach

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