Ch 8: Homework 1 Seved 2.5 points Exercise 8-1 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for $14,900, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $298 discount. Transportation costs of $337 were paid by Rizio. The machine required mounting and power connections costing $1,030. Another $486 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $280 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. eBook Hint o 10 References Amount Included in Cost of Equipment: Invoice price of machine. Net purchase price Total cost to be recorded 0 0 Help Save & Exit Submit Check my work