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A machine with a contract price of 300,000 and cash terms of 2/10, n/30 was purchased on April 2016. the company paid 6000 in transportation

A machine with a contract price of 300,000 and cash terms of 2/10, n/30 was purchased on April 2016. the company paid 6000 in transportation costs and 8000 for installation. the machine should be recorded as a plant asset in the amount of

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