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What is the total cost of the new machinery

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Question - Crane Company purchased machinery on January 1 at a list price of $320000, with credit terms 4/10, n/30. Payment was made within the discount period. Crane paid $91000 sales tax on the machinery, and paid installation charges of $4000. Prior to installation, Crane paid $12100 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery?

Reference no: EM131663328

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