Business, 14.04.2020 21:23 jules5440

Anchor Company purchased a manufacturing machine with a list price of $95,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $4,200. Anchor paid $6,000 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $7,800 for the first year of operations. What is the cost of the machine

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Anchor Company purchased a manufacturing machine with a list price of $95,000 and received a 2% cash...