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help asap please Question 8 Not yet answered Peak, Inc. acquired a machine that involved the following expenditures and related factors: $68,000 **** 3,000 Gross
help asap please
Question 8 Not yet answered Peak, Inc. acquired a machine that involved the following expenditures and related factors: $68,000 **** 3,000 Gross invoice price Sales tax Cash discount taken Freight Assembly and installation of machine Repair of machine damage caused after installation Assorted spare parts for future use.......... 5,000 1,700 1,500 .... 2,100 2,300 The initial accounting cost of the machine should be: Select one: a. $69,200 b. $71,500 c. $71,500 d. $78,400 Step by Step Solution
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