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Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $337,900. On April 2, it paid $2,080 for
Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $337,900. On April 2, it paid $2,080 for delivery of the machine. A one-year, $4,200 insurance policy on the machine was purchased on April 5. On April 19, Sandhill paid $7.460 for installation and testing of the machine. The machine was ready for use on April 30. Sandhill estimates the machine's useful life will be five years or 6,186 units with a residual value of $82,570. Assume the machine produces the following numbers of units each year: 976 units in 2021: 1,407 units in 2022: 1,383 units in 2023; 1,211 units in 2024; and 1,209 units in 2025. Sandhill has a December 31 year end. C A Mu (a) Your answer is correct. Determine the cost of the machine. QU Mul 32 Qu Mult Que Multie Que- Multip Cost of the machine 347440 $ Ques Multiple
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