Ivanhoe Inc. manufactures miniature circuit boards used in smartphones. On June 5, 2021, Ivanhoe purchased a circuit board stamping machine at a retail price of $24,000. Ivanhoe paid 5% sales tax on this purchase and hired a contractor to build a specially wired platform for the machine for $1,500, to meet safety requirements. Ivanhoe estimated the machine would have a 5-year useful life, with a residual value of $1,800 at the end of 5 years. Ivanhoe uses straight-line depreciation and employs the "half-year" convention in accounting for partial-year depreciation. Ivanhoe's fiscal year ends on December 31 and follows ASPE. At what amount should Ivanhoe record the acquisition cost of the machine? Acquisition cost of the machine $