Gardial Company purchased a machine from Accurate Manufacturing recently. According to Accurate Manufacturing, the normal price for this machine was $50,000. But Accurate Manufacturing offered a 20% discount to its new customers- Gardial Company. Gardial Company paid $40,000 for the machine. When the machine was purchased, Gardial Company should record the machine at

Group of answer choices

1-$60,000

2-$10,000

3- $40,000

4-$70,000