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What should the cost of the machine be in the balance sheet

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Question - Tom Ltd. bought a new machine. The cost of the machine was £10,000. The installation costs were £1,000 and the employees received specific training on how to use this particular machine, at a cost of £200. Before using the machine to make parts, a test was performed, and the oil and initial parts required for this test cost £50. It costs £100 to insure the machine for the year. What should the cost of the machine be in the balance sheet?

Reference no: EM132868233

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