cash price september30 ,62400 including sale taxes, cash down payment 7800,capitalstock 600share with current market price of birr42as share---25200,promissory notespayable in24 equal mounthly installments ,includeing interest----36000,total---69000. the following aditional cost were incurred before the machine was ready for use installation-------2600,diret costof trials runs----1000.the machine was expected to produce 100000 units during its economic life. it was placed inservice october 4 year 1 . instraction ; 1) determine the cost pof the machine for financial accounting purpose. assume that the discounton the promissory note is difference between the total payment tobe made and the cashprice of the machine. 2) assuming that the estimated net resedual value of the machine is birr6000 andthat the economic life estimated to be five years, compute depreciation foryears1(3mounth) andyear 2 under1) straight line method 2)sumof the year digits method 3)rateof40% applied to decilining carrying amount of the machine.4)out put method(the machine produced15000 units inyear1 and24000 units in year)