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On April 1, Mary Company purchased a new stamping machine with a list price of $34,000. The company paid cash for the machine, therefore, it

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On April 1, Mary Company purchased a new stamping machine with a list price of $34,000. The company paid cash for the machine, therefore, it was allowed a 5% discount Other costs associated with the machine were transportationcosts, S550, sales tax paid $1260, installation costs, $450; routine maintenance during the first month of operation, $500. The cost recorded for the machine was: O$34,210 o $32,300 O $35,160 o $34,660

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