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1. On August 1, 2016 PT ABC bought a Toyota Kijang for Rp. 370,000,000. To transfer fees, testing, and other needs are paid Rp. 25,000,000,-.

1. On August 1, 2016 PT ABC bought a Toyota Kijang for Rp. 370,000,000. To transfer fees, testing, and other needs are paid Rp. 25,000,000,-.

The car is estimated to have 5 years economic life with a residual value of IDR 50,000,000 Required: Calculate the cost of the asset and make a journal entry!

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