Question: Can you help me solve this general accounting question using valid accounting techniques? Compute the amount recorded as the cost of a new machine given

Can you help me solve this general accounting question using valid accounting techniques?

Compute the amount recorded as the cost of a new machine given the following payments related to its purchase by Orion Industries: Gross purchase price $850,000 Sales tax $55,000 Purchase discount taken ($22,000) Freight cost (FOB shipping point) $4,000 Normal assembly costs $3,500 Cost of necessary machine platform 53,000 Cost of parts used in maintaining machine $5,000

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