whole grain bakery purchases an industrial bread machine for $26,500. in addition to the purchase price, the…

whole grain bakery purchases an industrial bread machine for $26,500. in addition to the purchase price, the company makes the following expenditures: freight, $1,650; installation, $3,300; testing, $1,150; and property tax on the machine for the first year, $530. what is the initial cost of the bread machine? total cost of the bread machine $ 0

whole grain bakery purchases an industrial bread machine for $26,500. in addition to the purchase price, the company makes the following expenditures: freight, $1,650; installation, $3,300; testing, $1,150; and property tax on the machine for the first year, $530. what is the initial cost of the bread machine? total cost of the bread machine $ 0

Answer

Explanation:

Step1: Identify costs to include

The initial cost includes purchase - price, freight, installation, and testing. Property tax is not part of initial cost.

Step2: Sum up relevant costs

$26500 + 1650+3300 + 1150$ $=28150+3300 + 1150$ $=31450+1150$ $=32600$

Answer:

$32600$