Question: Benton Corp. purchased a used machine for $ 1 2 0 , 0 0 0 . The machine required installation costs of $ 8 ,

Benton Corp. purchased a used machine for $120,000. The machine required installation costs of $8,400, transportation costs of $2,300, and insurance while in transit of $1,600. An extended warranty was acquired on the machine for $4,300. At which of the following amounts would the machine be recorded? Question 1 A. $132,300 Question 2 B. $136,600 C. $130,700 D. $122,300

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