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On March 1, Bartholomew Company purchased a new stamping machine with a list price of $84,000. The company paid cash for the machine; therefore, it
On March 1, Bartholomew Company purchased a new stamping machine with a list price of $84,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were transportation costs, $2,700; sales tax paid, $5,920; installation costs, $1,700; routine maintenance during the first month of operation, $2,600. What is the cost of the machine?
$79800
$92720
$90120
$88420
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