Anchor company purchased a manufacturing machine with a list price of $86,000 and received a 2% cash discount on the purchase. the machine was delivered under terms fob shipping point, and freight costs amounted to $2,400. anchor paid $3,300 to have the machine installed and tested. insurance costs to protect the asset from fire and theft amounted to $4,200 for the first year of operations.

based on this information, the amount of cost recorded in the asset account would be:

a)$86,680

b)$84,280.

c)$94180

d)$89,980

Option (d) is correct.

Explanation:

Given that,

List price = $86,000

Cash discount percent = 2%

freight costs = $2,400

Installation and testing = $3,300

Cost recorded in asset account:

= List price - Cash discount on the purchase + Freight + Installation and testing

= $86,000 - ($86,000 × 2%) + $2,400 + $3,300

= $89,980

Note:

The insurance cost is not included in the cost of asset, but is instead expenses during the first year.

b is your answer toy your queston

explanation:

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;