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8-1. Acquisition of assets. Growth Company purchased a new machine for its manufacturing facility. Costs incurred in conjunction with this purchase included the following. Identify
8-1. Acquisition of assets. Growth Company purchased a new machine for its manufacturing facility. Costs incurred in conjunction with this purchase included the following. Identify the costs that will capitalized in the asset.
Question 1 options:
Invoice price $90,000
Sales tax 5,400
Freight to ship to Growth 6,000
Transport to factory 1,900
Repair of chip damage in machine 500
Training of operators 3,600
Lunch for truck driver in transit 25
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