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Exercise 10-1 (Static) Cost of plant assets LO C1 Rizio Company purchases a machine for...

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Exercise 10-1 (Static) Cost of plant assets LO C1 Rizio Company purchases a machine for $12,500, terms 210 , ni60. FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. Complete the below toble to calculate the cost recorded for this machine

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