Exercise 10-1 Cost of plant assets LO C1 Rizio Co. purchases a machine for $12,500, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $125 discount. Transportation costs of $283 were paid by Rizio. The machine required mounting and power connections costing $864. Another $407 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $365 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. Amount Included in Cost of Equipment: Invoice price of machine Net purchase price 0 Total cost to be recorded $ 0