On 1 March 2020 Y Limited acquired a machine that produces widgets from Plant Co under the following terms: · Price of Machine $82,000 · Import Duty $1,500 · Delivery Fees $2,050 · Installation Costs $9,500 · Pre-production testing $4,900 · Purchased five year maintenance contract $7,000 The costs related to the installation and pre-production testing remain outstanding at 31 March 2020. The purchase consideration consisted of: - Issue of 5,000 shares. Market price at the time of issues was $2.00 per share - Loan of $50,000; and - The balance (excluding the outstanding installation and pre-production testing) was paid in cash.