Luke's Motor Vehicle Traders recently purchased some machinery to be used in the business. The firm incurred a number of costs relating to the purchase. Which of the following costs would be accrued in the books as part of the initial investment or as part of the purchase cost?

(i) Its purchase price

(ii) General and Administrative expenses

(iii) Any costs directly attributable to bringing the asset to the location

(iv) Import duties and non-refundable purchase taxes, after deducting trade discounts and rebates

a.

i, ii, iii and iv

b.

ii, iii and iv only

c.

i, iii and iv only

d.

i, iii & iii only