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Question
runge company purchased machinery on january 1 at a list price of $200,000, with credit terms 2/10, n/30. payment was made within the discount period. runge paid $10,000 sales tax on the machinery, and paid installation charges of $3,520. prior to installation, runge paid $8,000 to pour a concrete slab on which to place the machinery. what is the total cost of the new machinery?
a.$209,520
b.$217,520
c.$221,520
d.$202,000
Answer
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