On March 1, Bartholomew Company purchased a new stamping machine with a list price of...
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Accounting
On March 1, Bartholomew Company purchased a new stamping machine with a list price of $76,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $1,900; sales tax paid, $4,320; installation costs, $1,300; routine maintenance during the first month of operation, $1,800. The cost recorded for the machine was:
A$78,420.
B$72,200.
C$79,720.
D$81,520.
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