Question: please can i have the step by step solution to this. thanks Mandy Manufacturing purchased a machine on August 1, 2019, and it was installed
Mandy Manufacturing purchased a machine on August 1, 2019, and it was installed and ready to run on January 1, 2020. The following costs were incurred in the purchase and installation of the machine. Invoice Price Freight costs Purchase discount Installation costs Electrical and power connections Repairs to correct damage incurred during uncrating Adjustments costs Spare parts for future use Provincial sales tax Fines incurred during the transport and uploading of the machine Cost of special foundation for the machine $1.400.000 8,000 3,000 68.000 33.000 13,000 46.000 26.000 84.000 100 7000 Calculate the depreciable cost of the machine
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