SAVE ANSWER PE Question 3 3 points Turtle Ltd is building a new machine to produce specialised surgical masks that block 99.9% of bacteria and virus in combating the pandemic. The following is a summary of costs incurred for the year ending 30 June 2020: Material and labour costs $35,000 Employee benefits (Note 1) $12,000 Electrical wiring $8,000 Stamp duty and legal fees $16,000 Training cost (Note 2) $3,500 Promotional costs (Note 3) 59,800 Notes: 1. This includes additional superannuation and paid annual leave to those workers who cancelled their leave to expedite the construction of the machine. 2. The training is necessary in order to train the existing staff to operate and handle the new machine. 3. This relates to advertising the new masks locally and internationally. Required: Determine the cost of the machine in accordance with ASB116 Property, Plant and Equipment. Provide a justification for any of the above items you have not Included in the cost of the machine, making specific reference to sections of the standard