Exercise 8-1 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for $14,500, terms 2110, n/60, FOB shipping point. Rizio paid within the discount period and took the $290 discount. Transportation costs of $328 were paid by Rizio. The machine required mounting and power connections costing $1,002. Another $473 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $260 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine