Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $115,110 The seller agreed to allow a 6.00 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2.680 Southwest Milling had to hire a specialist to calibrate the loader The specialist's fee was $1,200. The loader operator is paid an annual salary of $30,480. The cost of the company's theft insurance policy increased by $1,970 per year as a result of a useful life and an expected salvage value of $9,400 cquiring the loader. The loader had a four-year Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $115,110 The seller agreed to allow a 6.00 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2.680 Southwest Milling had to hire a specialist to calibrate the loader The specialist's fee was $1,200. The loader operator is paid an annual salary of $30,480. The cost of the company's theft insurance policy increased by $1,970 per year as a result of a useful life and an expected salvage value of $9,400 cquiring the loader. The loader had a four-year