Gardial Company purchased a machine from Accurate Manufacturing recently. According to Accurate Manufacturing, the normal...
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Gardial Company purchased a machine from Accurate Manufacturing recently. According to Accurate Manufacturing, the normal price for this machine was $50,000. But Accurate Manufacturing offered a 20% discount to its new customers- Gardial Company. Gardial Company paid $40,000 for the machine. When the machine was purchased, Gardial Company should record the machine at
Group of answer choices
1-$60,000
2-$10,000
3- $40,000
4-$70,000
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