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Question
Ivanhoe Company purchased machinery on January 1 at a list price of $310000, with credit terms 4/10, n/30. Payment was made within the discount period. Ivanhoe paid $148000 sales tax on the machinery, and paid installation charges of $6000. Prior to installation, Ivanhoe paid $12500 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery?
The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.
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