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quick please A group of new machines was purchased under a...

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Accounting

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A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines. The invoice price of the machines was 87,000, freight costs were 3,300, installation costs were 2,400, and royalty payments for 2022 were 17,500. A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines. The invoice price of the machines was 87,000, freight costs were 3,300, installation costs were 2,400, and royalty payments for 2022 were 17,500

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