Question: Cornerstone Exercise 7 18 (Algorithmic) Acquisition Cost Cox Company recently purchased a machine by paying $9,900 cash and signing a 6 month, 10% note for

Cornerstone Exercise 7 18 (Algorithmic) Acquisition Cost Cox Company recently purchased a machine by paying $9,900 cash and signing a 6 month, 10% note for $10,000. In addition to the purchase price.com incurred the following costs related to the machine: freight charges, $800; interest charges, $500; speclat foundation for machine. 5400; Installation costs, $1,100. Required: Determine the cost of the machine. Next

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