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Find the amount to be capitalized as the cost of the machine

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Reference no: EM132631825

Question - Coronado Industries purchased a new machine on October 31, 2020. A $5000 down payment was made and three monthly installments of $770 each are to be made beginning on November 30, 2020. The cash price would have been $46500. Coronado paid no installation charges under the monthly payment plan but an $770 installation charge would have been incurred with a cash purchase. Find the amount to be capitalized as the cost of the machine on October 31, 2020?

a. $55800.

b. $48040.

c. $46500.

d. $47270.

Reference no: EM132631825

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