Acquisition Cost of a Fixed Asset Fischer Construction purchased a used front-end loader for $35,000, terms 1/10, n/30, F.O.B. shipping point, freight collect. Fischer paid the freight charges of $338. One week after the machine was delivered, a check for $34,650 was sent to the seller. The loader required a new battery, which cost Fischer $188. Fischer also spent $300 to have the company name printed on the loader and $469 for one year's insurance coverage on it. Fischer hired a new employee to operate it at a wage of $19 per hour; the employee spent one morning (four hours) practicing with the machine and went to work at a construction site that afternoon. Calculate the amount at which the front-end loader should be reported on the company's balance sheet. $ 0