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Aqua Inc. recently purchased a machine. The price negotiated with the seller was $24,000. Aqua also paid sales tax of $1,800 on the purchase, maintenance
Aqua Inc. recently purchased a machine. The price negotiated with the seller was $24,000. Aqua also paid sales tax of $1,800 on the purchase, maintenance contracts of $2,200 to cover ordinary repairs for the first year of operation, and shipping and preparation costs of $1,000. At what amount should the machine be recorded on the balance sheet prior to recording depreciation expense? (Fill in blanks with numbers only. No $ needed.)
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