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Benson company required a machine that involved the following expenditures related factors: Gross invoice price...

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Accounting

Benson company required a machine that involved the following expenditures related factors:

Gross invoice price $38,000

Sale tax $1,425

Cash discounts taken $570

Freight $675

Assembly of machine $900

Installation of machine $3,350

Assorted spare parts for future use $2,700

Tuning and adjusting machine before use $450

Initial accounting cost of the machine should be?

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