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Find the amount to be capitalized as the cost of the machine

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Question - On August 1, 2005 Bamco Corporation purchased a new machine on a deferred paynent basis. A down payment of Rp. 1,000,000 was made and 4 (four) monthly installments of Rp. 2,500,000 (including interest) each are to be made beginning on September 1, 2005, The cash equivalent price of the machine was Rp. 9,500,000. Bamco incurred and paid installation costs amounting to Rp. 300,000. Find the amount to be capitalized as the cost of the machine?

a. 9,500,000

b. 9.800,000

c. 11,100.000

d. 11,300,000

Reference no: EM132601443

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