Acquisition Cost of Long-Lived Asset

The following data relate to a firms purchase of a machine used in the manufacture of its product:

Invoice price	$26,000
Applicable sales tax	1,800
Cash discount taken for prompt payment	1,000
Freight paid	860
Cost of insurance coverage on machine while in transit	725
Installation costs	1,600
Testing and adjusting costs	1,075
Repair of damages to machine caused by the firm's employees	1,150
Prepaid maintenance contract for first year of machine's use	900

Determine the acquisition cost of the machine. Acquisition Cost = $Answer