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26. Runge Company purchased machinery on January 1 at a list price of $200,000, with credit terms 2/10, n/30. Payment was mad

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Answer #1
Calculation of cost of machine
Particulars amount
Purchase price $200000
Less discount 2% ($4000)
Add sales tax $10000
Add installation charge $3520
Add for concrete slab $8000
Cost of machine $217520

Answer is option B. $217520

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