Question: Current Attempt in Progress Pharoah Limited purchased a machine on account on April 1, 2021, at an invoice price of $356,620. On April 2,

Current Attempt in Progress Pharoah Limited purchased a machine on account on April 1, 2021, at an invoice price of $356,620. On April 2, it paid $2,130 for delivery of the machine. A one-year, $3,970 insurance policy on the machine was purchased on April 5. On April 19, Pharoah paid $7,590 for installation and testing of the machine. The machine was ready for use on April 30. Pharoah estimates the machine's useful life will be five years or 6,212 units with a residual value of $73,690. Assume the machine produces the following numbers of units each year: 896 units in 2021: 1,400 units in 2022: 1,405 units in 2023; 1,396 units in 2024; and 1,115 units in 2025. Pharoah has a December 31 year end. (a) Your answer is correct. Determine the cost of the machine. Cost of the machine $ 366340 Tathak and Media

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