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30-11-2022
Business

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anchor company purchased a manufacturing machine with a list price of $89,000 and received a 2% cash discount on the purchase. the machine was delivered under terms free on board (fob) shipping point, and transportation costs amounted to $3,000. anchor paid $4,200 to have the machine installed and tested. insurance costs to protect the asset from fire and theft amounted to $5,400 for the first year of operations. what is the cost of the machine?

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