Question: On 1 s t August 2 0 3 , Limon Corporation purchased a new machine on a deferred payment basis. A down payment of RM

On 1st August 203, Limon Corporation purchased a new machine on a deferred
payment basis. A down payment of RM3,000 was made and 4 monthly instalments of
RM2,500 each are to be made beginning on 1st September 203. The cash equivalent
price of the machine was RM12,000. Limon incurred and paid installation costs
amounting to RM500. What is the cost of machine that need to capitalize?
On 1st August 203, Limon Corporation purchased a new machine on

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