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Determine the cost of the machines purchased by car repair

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Reference no: EM132903263

Beautiful car repair shop bought a machine. The payments made by the company regarding the purchase of this machine include the following elements:

Purchase price (according to invoice) IDR 350,000,000
Shipping costs 1,200,000 ,, -
Loss insurance 700,000, -
Tax 2,400,000, -
Installation costs 1,000,000, -
2,500,000, - engine trial fee
PMI Donation 200,000, -

Requested:

Problem 1: Determine the cost of the machines purchased by Car Repair Shop, and make a journal entry to record the purchase.

Reference no: EM132903263

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