PLEASE ANSWER ASAP! I WILL GIVE U A THUMBS UP, THANKS Use the information...

80.2K

Verified Solution

Question

Accounting

PLEASE ANSWER ASAP! I WILL GIVE U A THUMBS UP, THANKS

Use the information below, which relates to the purchase of a machine, to answer the question that follows. Enter your answer using digits only - no dollar signs, commas, or decimal points.

  • Invoice price = 65000
  • Shipping cost = 2000
  • Shipping insurance = 300
  • One-year insurance policy = 1500
  • Installation and testing = 2500
  • Employee training = 2500

What is the acquisition cost of the machine?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students