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Merry Co. purchased a machine costing $125,000 for its manufacturing operations and paid shipping costs of $20,000. Merry spent an additional $10,000 testing and preparing the machine for use. What amount should Merry record as the cost of the machine?

a) $155,000

b) $145,000

c) $135,000

d) $125,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941194

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