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Mighty, Inc. acquired a new machine: Invoice cost, 5%/10, n/30 P1,800,000 Transportation cost 50,000 Installation cost 120,000 The new entity's main engineer spent two-thirds of

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Mighty, Inc. acquired a new machine: Invoice cost, 5%/10, n/30 P1,800,000 Transportation cost 50,000 Installation cost 120,000 The new entity's main engineer spent two-thirds of his time on the new machine's trial run. The salary of the main engineer is P90,000 per month. The cost of uninstalling the old machine before installing the new machine was P10,000. What amount should be recorded as the cost of new machine? OP 1,980,000 OP 1,950,000 OP 1,940,000 O P 2,070,000

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