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Compute the recorded cost of the machine

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Question - On August 1, 2018, Dahomey Corp. purchases a new machine. The company makes a $6,000 cash down payment, and agrees to pay four monthly instalments of $9,000 each, starting September 1, 2018, signing a non-interest bearing note to this effect. The cash equivalent price of the machine is $36,000. As well, Dahomey pays installation costs of $1,000. Compute the recorded cost of the machine?

a) $7,000.

b) $37,000.

c) $42,000.

d) $43,000.

Reference no: EM132476570

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