Carter Co. placed an order for a machine on January 5. The company received the machine on January 20. The company installed the machine on 29 January and started production from 1 February. The company paid the amount due for the machine on February 5. On which date will Carter recognize the liability for the purchase of machine?

a) 5^th January

b) 20^th January

c) 29^th January

d) 1^st February

e) 5^th February