Question

Beaverton Lumber purchased a milling machine for $46,000. In addition to the purchase price, Beaverton made the following expenditures: freight, $2,600; installation, $4,100; testing, $3,100; personal property tax on the machine for the first year, $1,050.What is the initial cost of the machine?Initial cost=_____________.

Answer 1

The initial cost of the machine is $56,850.

Step-by-step explanation:

The initial cost of the machine can be calculated by adding up the purchase price and all additional expenditures.

So, the initial cost = purchase price + freight + installation + testing + personal property tax.

Substituting the given values, the initial cost of the machine = $46,000 + $2,600 + $4,100 + $3,100 + $1,050 = $56,850.

Answer 2

initial cost of the machine = $55800

Step-by-step explanation:

given data

milling machine = $46,000

freight = $2,600

installation = $4,100

testing = $3,100

property tax = $1,050

to find out

initial cost of the machine

solution

we get here initial cost of the machine that is express as

initial cost of the machine = purchased milling machine + freight + installation+ testing ..........................1

put here value we get

initial cost of the machine = $46,000 + $2,600 + $4,100 + $3,100

initial cost of the machine = $55800