Question

Granite Company purchased a machine costing $133,280. Granite pald freight chatges of $3,600. The machine requires special mounting and wiring connections costing $11,600. When instailing the machine, $3,100 in damages occurred. Compute the cost cecorded for this mochine: Mumiple Choice 5148.680 5133280 5157,200 5148400 $147.980

Answer 1

The cost recorded for the machine is option E) $147,980. To compute the cost recorded for the machine, we need to add up the cost of the machine, freight charges, special mounting and wiring connections, and damages. Therefore, the cost recorded for the machine is:

Cost of machine = $133,280

Freight charges = $3,600

Special mounting and wiring connections = $11,600

Total cost recorded = $133,280 + $3,600 + $11,600 + $3,100 = $147,980

Therefore, the correct answer is option E) $147,980