Question: Brief Exercise 7 - 2 ( Algo ) Determine cost of equipment ( LO 7 - 1 ) Whole Grain Bakery purchases an industrial bread

Brief Exercise 7-2(Algo) Determine cost of equipment (LO7-1)
Whole Grain Bakery purchases an industrial bread machine for $23,000. In addition to the purchase price, the company makes the following expenditures: freight, $1,300; installation, $2,600; testing, $800; and property tax on the machine for the first year, $460.
What is the initial cost of the bread machine?

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