Question: On 1 January 2016, Kintex Engineering bought a machine. The following information relates to the machine: Nett price $100,000 Delivery charge 7,000 Special platform to

On 1 January 2016, Kintex Engineering bought a machine. The following information relates to the machine:

Nett price $100,000

Delivery charge 7,000

Special platform to place the machine 5,000

Machine operators' salary per month 7,500

Maintenance per month 2,000

Taxes 8,000

The machine has a useful life of 4 years and a residual value of $20,000. Determine the cost of the machine.

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