5(b) X Ltd. purchased machinery from Y Ltd. on 30/09/2019. The price was * 522.50 lakhs after charging 10% GST and giving a trade discount of 5 % on the quoted price. Transport charges were 0.25 % on the quoted price and installation charges come to 1% on the quoted price. To Finance the purchase of the machinery, company took a term bank loan of 3 500 lakhs at an interest rate of 15% per annum. Fees of Consultants used for advice on the acquisition of the Machine * 6,50,000, Cost of site preparation 4,50,000, Estimated dismantling costs to be incurred after 10 years + 2,50,000.Expenditure incurred on the trial run was: Material * 5,00,000, wages 4,00,000 and overheads 3,00,000. Sale Proceeds of Goods produced during the trial run 2,00,000. Machinery was ready for use on 01/12/2019. However, it was actually put to use only on 01/05/2020. The entire loan amount remained unpaid on 01/05/2020. X Ltd. does not intend to utilize the input tax paid on capital good. (i) Find out the cost of the machine, [3 Marks (ii)Suggest the accounting treatment for the cost incurred during the period between the date the machine was ready for use and the actual date the machine was put to use. [1 Mark)