A company purchased a machine. The following costs were incurred in the purchase and installation of the
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A company purchased a machine. The following costs were incurred in the purchase and installation of the machine. Determine the total cost of the machine.
Invoice Price $,1,200,000
Sales Tax 70,500
Freight cost 9,000
Setup Cost 51,000
Cost to adjust machine to required specification 36,000
Electrical Connections 32,000
Maintenance Supplies for future use 108,000
Cost of Special Foundation for Machine 18,500
Cost of insurance on machine for one year 22,000
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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