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

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Accounting

Exercise 10-1(Static) Cost of plant assets LO C1
RIzlo Company purchases a machine for $12,500, terms 210,n60, FOB shipping point. Rizlo paid within the
discount period and took the $250 discount. Transportation costs of $360 were paid by Rizlo. The machine
required mounting and power connections costing $895. Another $475 is paid to assemble the machine,
and $40 of materlals are used to get it into operation. During installation, the machine was damaged and
$180 worth of repairs were made.
Complete the below table to calculate the cost recorded for this machine.
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