$!$

Required information

$[$The following information applies to the questions displayed below.$]$

During Year $1,$ Ashkar Company ordered a machine on January $1$ at an invoice price of $$21,000.$ On the date of delivery, January $2,$ the company paid $$6,000$ on the machine, with the balance on credit at $10$ percent interest due in six months. On January $3,$ it paid $$1,000$ for freight on the machine. On January $5,$ Ashkar paid installation costs relating to the machine amounting to $$2,500.$ On July $1,$ the company paid the balance due on the machine plus the interest. On December $31($the end of the accounting period$),$ Ashkar recorded depreciation on the machine using the straight$-$line method with an estimated useful life of $10$ years and an estimated residual value of $$3,000.$

$2.$ Compute the acquisition cost of the machine.

$\backslash$table$[[$Acquisition Cost of the Machine$],[,],[,],[,],[,],[$Acquisition cost$,]]$

$6$

$7$

$8$

of $8$

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