The Shipping Express Company incurred the costs below related to a new packing machine: Invoice price of
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Invoice price of packing machine.....................................$190,000
Cash discount for prompt payment.......................................7,400
Transportation costs.........................................................4,920
Installation costs.............................................................2,625
What is the capitalized cost of the new packing machine?
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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