Cox company recently purchased a machine by paying $9,800 cash and signing a 6-month, 10% note for $10,000. in addition to the purchase price, cox incurred the following costs related to the machine: freight charges, $800; interest charges, $500; special foundation for machine, $400; installation costs, $1,100. required: determine the cost of the machine.
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Cox company recently purchased a machine by paying $9,800 cash and signing a 6-month, 10% note for $...
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