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Triangle Company, acquired a machine that involved the following expenditures and related factors: Gross invoice price $228,000 Sales tax 8,500 Cash discount taken 3,420 Freight
Triangle Company, acquired a machine that involved the following expenditures and related factors:
Gross invoice price | $228,000 |
Sales tax | 8,500 |
Cash discount taken | 3,420 |
Freight | 4,050 |
Assembly of machine | 5,400 |
Installation of machine | 8,100 |
Assorted spare parts for future use | 16,200 |
Tuning and adjusting machine before use | 2,700 |
The initial accounting cost of the machine should be:
Select one:
A. $203,220
B. $253,330
C. $180,180
D. $196,380
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