Exercise 101 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for...
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Exercise 101 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for $10,700, terms 2/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $214 discount. Transportation costs of $242 were paid by Rizio. The machine required mounting and power connections costing $740. Another $349 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $340 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine
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