Question: Mandy Manufacturing purchased a machine on August 1 , 2 0 2 1 , and it was installed and ready to run on January 1

Mandy Manufacturing purchased a machine on August 1,2021, and it was installed and ready to run on January 1,2022. The following costs were incurred in the purchase and installation of the machie.b.) What is the total?Invoice Price$1,400,000Freight costs8,000Installation costs68,000Electrical and power connections33,000Repairs to correct damage incurred during uncrating13,000Adjustments costs46,000Spare parts for future use26,000Provincial sales tax84,000Fines incurred during the transport and uploading of the machine100Cost of special foundation for the machine7,000

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