20 Granite Company purchased a machine costing $120,000, terms V10, 1730. The machine was shipped...
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20 Granite Company purchased a machine costing $120,000, terms V10, 1730. 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 instaling the machine, $1,500 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period. Multiple Choice | o si, . o o st34,800. o O sso . o $131.000 O st.
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