On March 1, Bartholomew Company purchased a new stamping mac…

On Mаrch 1, Bаrthоlоmew Cоmpаny purchased a new stamping machine with a list price of $34,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $550; sales tax paid, $1,360; installation costs, $450; routine maintenance during the first month of operation, $500. The cost recorded for the machine was: