Question
9. A company purchased a special purpose machine on September 15 of the past year, and it was installed and ready to run on January
9. A company purchased a special purpose machine on September 15 of the past year, and it was installed and ready to run on January 1 of this year. The following costs were incurred in the purchase and installation of the machine. Determine the total cost of the machine. (5 minutes) Invoice price plus sales tax $1,270,000 Freight costs 9,000 Setup costs 57,000 Costs to adjust machine to appropriate specifications 36,000 Electrical connections 32,000 Maintenance supplies for future use 108,000 Damages to the machine 10,000 Traffic fine incurred during transport of machine 300 Cost of special foundation for machine 18,500 $___________________________________________________________
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