Question 8 Tries remaining Marked out of 2.00 P a question $32.000 312360 Acquisition Cost of Long-Lived Asset The following data relate to Derrick Construction's purchase of a front-end loader: Invoice price, terms 2/10, 1/30 FOB shipping point freight collect Sent a check for the front loader, one week later Cost of printing company logo on machine Freight paid Cost of insurance coverage for one year New Battery needed to prepare the machine for its intended use) Hired new employee to operate it at 520 per hour the employee spent one morning leicht hours) practicing with the machine and went to work at the construction site that afternoon Calculate the amount at which the front-end loader should be reported on the company's balance sheet. Acquisition Cost = $ Check Previous Save Answers