Pueblo co acquires machinery by paying 10970 cash and

Reference no: EM13577664

Pueblo Co. acquires machinery by paying $10,970 cash and signing a $4,400, 2-year, zero-interest-bearing note payable. The note has a present value of $3,922, and Pueblo purchased a similar machine last month for $13,710. At what cost should the new equipment be recorded?

Reference no: EM13577664

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