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Reuben, LTD. acquired an assembly machine at an invoice cost of $ 295 comma 000...

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Accounting

Reuben, LTD. acquired an assembly machine at an invoice cost of $ 295 comma 000 during the current year. The delivery cost was $ 870 and installation costs amounted to $ 1 comma 870. The machine required a separate electrical line that cost $ 1 comma 300 to install. During the installation, a negligent employee damaged an exterior wall attached to the assembly shop. The company paid $ 1 comma 270 to repair the wall. What is the acquisition cost of the assembly machine? Prepare the journal entries to properly account for the expenditures made, assuming that Reuben paid cash for all expenditures. What is the acquisition cost of the assembly machine? The acquisition cost of the assembly machine is $ .

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