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Beaverton Lumber purchased a milling machine for $46,000. In addition to the purchase price, Beaverton made the following expenditures: freight, $2,600; installation, $4,100; testing, $3,100; personal property tax on the machine for the first year, $1,050.What is the initial cost of the machine?Initial cost=_____________.

Respuesta :

Answer:

initial cost of the machine = $55800

Explanation:

given data

milling machine = $46,000

freight = $2,600

installation = $4,100

testing =  $3,100

property tax = $1,050

to find out

initial cost of the machine

solution

we get here initial cost of the machine that is express as

initial cost of the machine = purchased milling machine + freight + installation+ testing    ..........................1

put here value we get

initial cost of the machine = $46,000 + $2,600 + $4,100 + $3,100

initial cost of the machine = $55800

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