Mandy Manufacturing purchased a machine on August 1, 2014, and it was installed and ready to run on January 1, 2015. The following costs were incurred in the purchase and installation of the machine.

Calculate the depreciable cost of the machine.

S 1.300,000 7,000 Iavoice price Freight costs Purchase discount 2,500 Installation costs 66,000 Electrical and power connections Repairs to correct damage incurred during uncrating 32,000 12.000 Adjustment costs 36,000 Spare parts for future use 25.000 Provincial sales tax 91,000 Fines incurred during the transport and unloading of the machine Cost of special foundation for the machine 500 6,500