Purchased new stamping machine with list price

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Reference no: EM13912138

On March 1, Bunker Hill Company purchased a new stamping machine with a list price of $76,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $1,900; sales tax paid, $4,320; installation costs, $1,300; routine maintenance during the first month of operation, $1,800. The cost recorded for the machine was:

Reference no: EM13912138

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