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What is the total cost to be recorded for machine

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Dornton company purchases a machine for $14,350. The buyer paid the shipping charges of $380. The machine requires special steel mounting and poser connections costing $995. Another $575 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $280 in damages occurred. Also, $60 of materials is used in adjusting the machine to produce a satisfactory product.

Problem 1: What is the total cost to be recorded for machine?

Reference no: EM132965968

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