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A company bought a factory machine on 1 November 2020. The supplier invoice showed that this consists of the following items: Manufacture's list price 250,000
A company bought a factory machine on 1 November 2020. The supplier invoice showed that this consists of the following items: Manufacture's list price 250,000 Less: Trade discount 25,000 225,000 Transporting the machine to the factory 50,000 Installing a new power supply required to operate the machine 25,000 Cost of a three-week training course for staff to operate the plant 6,000 Cost of a three-year maintenance agreement 24,000 330,000 Value added tax at 20% 66,000 Total 396,000 Calculate the cost of the machine
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