On March 1, Bunker Hill Company purchased a new stamping machine with a list price of $78,000. The c 1 answer below »

On March 1, Bunker Hill Company purchased a new stamping machine with a list price of $78,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $2,100; sales tax paid, $4,720; installation costs, $1,400; routine maintenance during the first month of operation, $2,000. The cost recorded for the machine was: $80,920. $74,100. $82,320. $84,320.

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Use Code FREE15