Brite Company purchased a machine that had an invoice price of \(\$ 400,000\) excluding sales tax. Terms were net 30 . A \(4 \%\) sales tax was levied on the sale. The company incurred and paid freight costs of \(\$ 10,000\). Special electrical connections were run to the machine at a cost of \(\$ 14,000\) and a special reinforced base for the machine was built at a cost of \(\$ 18,000\). The machine was dropped and damaged while being mounted on this base. Repairs cost \(\$ 4,000\). Raw materials with a cost of \(\$ 1,000\) were consumed in testing the machine. Safety guards were installed on the machine at a cost of \(\$ 1,400\), and the machine was placed in operation. In addition, \(\$ 500\) of costs were incurred in removing an old machine.

Prepare a schedule showing the amount at which the machine should be recorded in Brite Company's account.