Broham Manufacturing Company purchased a machine on January 2, 2014 . The invoice price of the machine was $40,000, and the vendor offered a 2 percent discount for payment within ten days. The following additional costs were incurred in connection with the machine: Transportation-in .................................... $1,200 Installation cost .................................... 700 Testing
costs prior to regular operation ............. 550 If the invoice is paid within the discount period, Broham should record the acquisition cost of the machine at
a. $41,650.
b. $41,100.
c. $40,400.
d. $39,200.
A
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