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Northstar Corp. installed new factory machinery. The electrical work required to prepare for the installation was $15,000. The invoice price of the equipment was $190,000.
Northstar Corp. installed new factory machinery. The electrical work required to prepare for the installation was $15,000. The invoice price of the equipment was $190,000. Additional costs were $3,000 for delivery and $29,400 sales tax ($16,100 of the sales tax was non-refundable and the balance refundable). During the installation, a component of he machinery was damaged because it was carelessly left on the floor. The cost of repairing the component was $7,500. What is the cost of the machinery
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