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Question (4): A machine is purchased for $70,000. The transportation costs were $4,000, installation costs were $1,000 and taxes on the purchase price were $700.

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Question (4): A machine is purchased for $70,000. The transportation costs were $4,000, installation costs were $1,000 and taxes on the purchase price were $700. Testing runs of new machine cost $5,000. What is the cost of the machine? the Question (Spoints): You received an invoice of 3,000 dated in January 1, 2017, terms 2/10, n/30, if you paid it in full on January 9, 2017, how much did you pay, record this transition in your journal entry Question (6): On January 1, 2012, Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years. The estimated residual value is S10,000. What is the profit (loss), if Mary's Caf sold the equipment on June 30, 2014 for 141,625 cash.The straight- line method is used

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