Business, 27.07.2021 19:10 Kadancepiggott7
Marburg Manufacturing purchased a machine on January 2, 2014. The invoice price of the machine was $40,000 and the vendor offered a 2% discount if full payment was made within ten days. The following additional costs were incurred in connection with the machine:
Freight and shipping costs $1,200
Installation costs 700
Testing prior to operation 550
If Marburg pays the invoice within the discount period, what is the cost of the machine that should be recorded in the accounting records?
a. $39.200.
b. $41.650.
c. $41.100.
d. $40,400.
Answers: 3
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Marburg Manufacturing purchased a machine on January 2, 2014. The invoice price of the machine was $...
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