Question: Rizlo Company purchases a machine for $ 1 0 , 4 0 0 , terms 1 7 0 , n / 6 0 , FOB

Rizlo Company purchases a machine for $10,400, terms 170, n/60, FOB shipping point. Rizio paid within the discount period and took the $104 discount. Transportation costs of $235 were paid by Rizio. The machine required mounting and power connections costing $719. Another $339 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $235 worth of repairs were made.Complete the below table to calculate the cost recorded for this machine.Amount included in Cast of Equipment:Invoice price of machineNet purchase priceaiTotal cost to be recorded

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