anchor company purchased a manufacturing machine with a list price of $160,000 and received a 2% cash discount on the purchase. the machine was delivered under terms fob shipping point, and transportation costs amounted to $2,400. anchor paid $3,000 to have the machine installed and tested. insurance costs to protect the asset from fire and theft amounted to $3,600 for the first year of operations. what is the cost of the machine?
