Topic $10$: Acquisition of Property, Plant and Equipment

Granite Company purchased a machine costing $$120,000,$ terms $\frac{1}{10},\frac{n}{30}.$ The machine was shipped FOB shipping point and freight charges were $$2,000.$ The machine requires special mounting and wiring connections costing $$10,000.$ When installing the machine, $$1,300$ in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.

Select one:

a$.$ $$129,800.$

b$.$ $$132,100.$

c$.$ $$130,800.$

d$.$ $$118,800.$

e$.$ $$120,100.$