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ACC Bhd purchased new machinery for its factory production on 1st July 2020. The following are the information relate to the new machinery RM 250,000

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ACC Bhd purchased new machinery for its factory production on 1st July 2020. The following are the information relate to the new machinery RM 250,000 15,000 5.000 Cost of the machinery Site inspection and preparation Delivery Charge Insurance during delivery Installation cost 2 years maintenance contract 250 3,750 25.000 Required: CALCULATE the total cost of the machinery to be capitalized in accordance to IAS 16, Plant Property and Equipment

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