Ralph Company incurred the following expenditures to buy a new machine: Invoice, $35,000 less 8% cash discount
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Ralph Company incurred the following expenditures to buy a new machine:
Invoice, $35,000 less 8% cash discount
Freight charges, $440.
Assembly charges, $1,500.
Special base to support machine, $502.
Machine dropped and repaired, $390.
What is the actual cost of the machine?
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Related Book For 
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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