Merry Co. purchased a machine costing $125,000 for its manufacturing operations and paid shipping costs of $20,000.
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Question:
manufacturing operations and paid shipping costs of $20,000.
Merry spent an additional $10,000 testing and preparing the machine
for use. What amount should Merry record as the cost of
the machine?
$155,000
$145,000
$135,000
$125,000
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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