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Bass Pro Company, acquired a machine that involved the following expenditures and related factors: Gross Invoice Price $76,000 Sales Tax 2,850 Cash Discount Taken 1,140
Bass Pro Company, acquired a machine that involved the following expenditures and related factors:
Gross Invoice Price $76,000
Sales Tax 2,850
Cash Discount Taken 1,140
Freight 1,350
Assembly of Machine 1,800
Installation of Machine 2,700
Assorted spare parts for future use 5,400
Tuning and adjusting machine before use 900
The initial accounting cost of the machine should be:
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