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Blossom Company purchased machinery on January 1 at a list price of $260000, with credit terms 3/10, n/30. Payment was made within the discount period.
Blossom Company purchased machinery on January 1 at a list price of $260000, with credit terms 3/10, n/30. Payment was made within the discount period. Blossom paid $65250 sales tax on the machinery, and paid installation charges of $4500. Prior to installation, Blossom paid $12400 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery? $321950 $334350 $342150 $317450
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