A Company Purchased a Special Purpose Machine on August 1

question 169

Essay

A company purchased a special purpose machine on August 1 of the past year and it was installed and ready to run on January 1 of this year.The following costs were incurred in the purchase and installation of the machine.
Determine the total cost of the machine.
$\begin{array}{|l|r|}\hline \text { Invoice price } & \$ 1,200,000 \\\hline \text { Freight costs } & 6,000 \\\hline \text { Installation costs } & 64,000 \\\hline \text { Electrical and power connections } & 32,000 \\\hline \text { Repairs to correct damage incurred during uncrating } & 12,000\\\hline \text { Costs to adjust machine to appropriate specifications } & 56,000 \\\hline \text { Spare parts for future use } & 108,000 \\\hline \text { Sales tax } & 70,500 \\\hline \text { Fines incurred during transport of machine } & 400 \\\hline \text { Cost of special foundation required for machine installation } & 28,500\\\hline \end{array}$

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Definitions:

Team Cohesiveness

The degree to which members of a team are drawn together and feel loyalty and unity towards the group.

Soccer Teams

Groups of individuals who come together to compete in the sport of soccer, demonstrating teamwork, strategy, and physical skill.

Cohesive Groups

Groups characterized by strong bonds and a high level of commitment among members, leading to a unified entity.

Consequences

The results or outcomes that follow from actions, decisions, or behaviors, which can be positive, negative, or neutral.