Determining the cost of assets   LO3 Magpie Ltd uses many kinds of machines in its operations. It constructs some of these machines itself and acquires others from the manufacturers. The following information relates to two machines that it has recorded in the 2020–21 period. Machine A was acquired, and Machine B was constructed by Magpie Ltd itself. Machine A Cash paid for equipment, including GST of $8000 $88 000 Costs of transporting machine — insurance and transport 3 000 Labour costs of installation by expert fitter 5 000 Labour costs of testing equipment 4 000 Insurance costs for 2020–21 1 500 Costs of training for personnel who will use the machine 2 500 Costs of safety rails and platforms surrounding machine 6 000 Costs of water devices to keep machine cool 8 000 Costs of adjustments to machine during 2020–21 to make it operate more efficiently 7 500 Machine B Cost of material to construct machine, including GST of $7000 77 000 Labour costs to construct machine 43 000 Allocated overhead costs — electricity, factory space etc. 22 000 Allocated interest costs of financing machine 10 000 Costs of installation 12 000 Insurance for 2020–21 2 000 Profit saved by self-construction 15 000 Safety inspection costs prior to use 4 000 Required Determine the amount at which each of these machines should be recorded in the records of Magpie Ltd. For items not included in the cost of the machines, note how they should be accounted for.