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What total cost should be debited to the machine account

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Reference no: EM133171688

Question - Scott Company had the following expenditures related to the purchase of a machine:

Purchase Cost $17,200

Shipping Costs $400

Testing Costs $360

Installation Costs $540

Sales Taxes $750

Oils needed to lubricate the machine during operation $350

Annual inspection of the machine $240

Required - When the machine is purchased, what total cost should be debited to the machine account?

Reference no: EM133171688

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