Danube Corp. purchased a used machine for $17,000. The machine required installation costs of $7,000 and insurance while in transit of $600. At which of the following amounts would the be recorded?
A) $17,000
B) $24,000
C) $17,600
D) $24,600
D .Purchase price $17,000
Installation costs 7,000
Insurance 600
Cost of machine $24,600
Business
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