Question
Triangle Company acquired a machine that involved the following expenditures and related factors: Gross invoice price $228,000 Sales tax 8,550 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 | 8,550 |
| 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/Adjusting machine before use | 2,700 |
The initial accounting cost of the machine should be:
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Data Analytics For Accounting
Authors: Vernon Richardson
3rd Edition
1264444907, 9781264444908
