Danube Corp.purchased a used machine for $17,000.The machine required installation costs of $7,000 and insurance while in transit of $600.At which of the following amounts would the be recorded? $\text { machine }$

Question

Quizplus · Accepted Answer

The machine should be recorded at its total cost, which includes the purchase price, installation costs, and insurance while in transit. Therefore, the total cost is $17,000 + $7,000 + $600 = $24,600.

Danube Corp machine \text { machine } machine A)$17,000 B)$24,000 C)$17,600 D)$24,600

Danube Corp $\text { machine }$ A)$17,000
B)$24,000
C)$17,600
D)$24,600