Flag question Acquisition Cost of a Fixed Asset a The following data relate to a firm's purchase of a machine used in the manufacture of its product: $75,000 4,500 1,500 975 Invoice price Applicable sales tax Cash discount taken for prompt payment Freight paid Cost of insurance coverage on machine while in transit Installation costs Testing and adjusting costs Repair of damages to machine caused by the firm's employees Prepaid maintenance contract for first year of machine's use W 469 3,750 1,781 2,063 1,125 Determine the acquisition cost of the machine. $ 0 Check