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Granite Company purchased a machine costing $140,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $4,000. The machine requires

Granite Company purchased a machine costing $140,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $4,000. The machine requires special mounting and wiring connections costing $12,000. When installing the machine, $3,500 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.

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