1 Rizio Company purchases a machine for 10 200 terms 2 10 n

Last updated: 9/18/2023

1 Rizio Company purchases a machine for 10 200 terms 2 10 n 60 FOB shipping point Rizio paid within the discount period and took the 204 discount Transportation costs of 231 were paid by Rizio The machine required mounting and power connections costing 705 Another 333 is paid to assemble the machine and 40 of materials are used to get it into operation During installation the machine was damaged and 345 worth of repairs were made Complete the below table to calculate the cost recorded for this machine nts eBook Hint Print eferences Amount Included in Cost of Equipment Invoice price of machine Net purchase price Total cost to be recorded Check my