Exercise $10-1($Static$)$ Cost of plant assets LO C$1$

RIzlo Company purchases a machine for $$12,500,$ terms $\frac{2}{10},\frac{n}{60},$ FOB shipping point. Rizlo paid within the

discount period and took the $$250$ discount. Transportation costs of $$360$ were paid by Rizlo. The machine

required mounting and power connections costing $$895.$ Another $$475$ is paid to assemble the machine,

and $$40$ of materlals are used to get it into operation. During installation, the machine was damaged and

$$180$ worth of repairs were made.

Complete the below table to calculate the cost recorded for this machine.