What is the total capitalised cost of the asset at the year

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Reference no: EM132823448

In the year ending 31/12/X9, a company purchased machinery costing £80,000. Other costs relating to the machinery in the year were as follows:

Transport and installation £10,000
Testing and set up £2,000
Staff training £5,000
Maintenance £1,500

Problem 1: According to IAS 16 Property, Plant & Equipment, what is the total capitalised cost of the asset at the year ending 31 Dec X9?

A. £97,000
B. £92,000
C. £90,000
D. £98,500

Reference no: EM132823448

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