Andy Company purchased a manufacturing machine with a list price of $160,000 and received a...
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Andy Company purchased a manufacturing machine with a list price of $160,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $2,400. Andy paid $3,000 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $3,600 for the first year of operations. What is the cost of the machine?
A.
$156,800.
B.
$159,200.
C.
$165,800.
D.
$162,200.
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