Beta Ltd is a company registered for VAT They recently purchased a new item of machinery and the following costs were incurred List price 158,000 VAT at 20 31,600 189,600 All the following costs are net of VAT Delivery to site and installation 1,250 Five year warranty 7,600 Staff training 3,100 New...

Ans As per IFRS 10any incidental cost to bring ...

Beta Ltd is a company registered for VAT. They recently purchased a new item of machinery and

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Beta Ltd is a company registered for VAT. They recently purchased a new item of machinery and the following costs were incurred:

	£
List price	158,000
VAT at 20%	31,600
	189,600
All the following costs are net of VAT:
Delivery to site and installation	1,250
Five year warranty	7,600
Staff training	3,100
New electrical supply to installation site	540

What is the initial cost of the asset to be included in the accounting records?

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Managerial Accounting Creating Value in a Dynamic Business Environment

ISBN: 978-0078110917

9th edition

Authors: Ronald W. Hilton

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Posted Date: Oct 27, 2022 02:43 AM

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Beta Ltd is a company registered for VAT. They recently purchased a new item of machinery and

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Ans As per IFRS 10any incidental cost to bring ... View the full answer

Managerial Accounting Creating Value in a Dynamic Business Environment

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