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1. Calculating the cost of PPE 3 marks Pearson Co. purchased a new machine to use in their factory. The company incurred the following
1. Calculating the cost of PPE 3 marks Pearson Co. purchased a new machine to use in their factory. The company incurred the following cash outflows: Invoice price, before discount Delivery fees (FOB shipping point) Assembly expenses One-year insurance policy, after operations begin $ 103,000 800 300 600 Pearson Co. took advantage of the discount provided by the vendor (2/10, n30). Determine the cost the company will allocate to the new machine. No journal entry is required.
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