Your company buys a computer system from IBM for $3 million and pays IBM $200,000...
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Accounting
Your company buys a computer system from IBM for $3 million and pays IBM $200,000 to install the computer system. The $3 million is on credit and your company pays $100,000 of interest on the loan in the current year. The acquisition cost of the computer system at the end of the current year will be:
a. $3.1 million b. $3.3 million c. $3 million d. $.2 million e. $.3 million f. $3.2 million
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