Discussion Prompt (2-3 paragraphs)

Discussion Prompt (2-3 paragraphs) The invoice price of a machine is $5,[i_ Various other costs relating to the machine's acquisition and installation, including transportation, electrical wiring, special base, and so on, amount to $?,5_ The machine has an estimated life of 1D years, with no residual value at the end of that period. The owner of the business suggests that the incidental costs of $?,5t} be charged to expense immediately for the following reasons: . If the machine should be sold, these costs cannot be recovered in the sales price. . Because of the possibility of changing demand and supply leveis, the inclusion of the $?,5 in the machinery account on the books will not necessarily result in a closer approximation of the market price of this asset over the years. . Charging the $?,5DD to expense immediately will reduce federal income taxes. . Discuss each of the points raised by the owner of the business. Be sure to support your assertions with. sound reasoning, research, and rules provided by EMF