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At what amount should the machine be capitalised

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Reference no: EM132831987

Problem - On 10 December 20X7 an entity bought a machine. The breakdown on the invoice showed:

Cost of machine 20,000

Delivery costs 200

One-year maintenance contract 900

Total 21,100

Further installation costs of €500 were also incurred.

Required - At what amount should the machine be capitalised in the entity's records?

Reference no: EM132831987

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