Question: Smith and Wheels purchased a Wheel Alignment machine for their factory with a cost price of $49,500, they had it delivered and we charged a

Smith and Wheels purchased a Wheel Alignment machine for their factory with a cost price of $49,500, they had it delivered and we charged a delivery fee of $1100 and installed professionally costing $990. All amounts include GST. Referring to IAS 16 Fact Sheet, what would be the depreciable cost of the asset purchased in this example?

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