Navas 28 April 2020 at 13:44 PM

A steel press machine is purchased for $50,000 cash and a $100,000 interest bearing note payable. The cost to be

recorded as an asset (in addition to the $150,000 purchase price) should include all of the following except

A) Freight and handling charges.

B) Insurance while in transit.

C) Interest on the note payable.

D) Assembly and installation costs.