Humana bought a Gulfstream G-450 jet with a list price of $200,900. The dealer granted...
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Humana bought a Gulfstream G-450 jet with a list price of $200,900. The dealer granted a 11.5% reduction in list price and an additional 4% cash discount on the net price if payment was made in 30 days. Sales taxes amounted to $17,077 and the company paid an extra $8,600 to have a necessary device installed. What should be the recorded cost of the Gulfstream G-450 jet if the payment is made within the discount period?
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