Ralph Company incurred the following expenditures to buy a new machine: Invoice, $35,000 less 8% cash discount

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Ralph Company incurred the following expenditures to buy a new machine:

Invoice, $35,000 less 8% cash discount

Freight charges, $440.

Assembly charges, $1,500.

Special base to support machine, $502.

Machine dropped and repaired, $390.

What is the actual cost of the machine?

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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