Company C purchased a machine costing Rs. 15, 00,000 for its production process. It paid freight Rs. 25000. Cartage Rs. 2000 and installation charges Rs 18000. The company spent an additional amount of Rs 40000 for testing and preparing the machine for use As per AS-10, the amount that should be recorded as the cost of machine would be:

A Rs 1585000

B Rs. 1500000

C Rs. 1525000

D Rs. 1565000

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The detailed answer for the above question is provided below As per AS10 the co... View the full answer