On 1 October 2015 Euny Co acquired a machine. The following information is available:

Manufacturer's base price	1,050,000
Trade discount (applying to the base price only)	20%
Freight charges	30,000
Installation costs	28,000
Staff training to use the machine	40,000
Pre-production testing	22,000
Prepayment for a three year maintenance contract	60,000

Question:

1. What amount should be recognised under non-current assets as the cost of the machine on 1 October 2015?

2. Every five years the machine will need a major overhaul in order to keep running. How should this be accounted for?

3. By 27 September 2017 internal evidence had emerged suggesting that Euny Co's machine was impaired. Which of the following would be internal evidence of impairment?

4. What should be the carrying amount of the machine following the impairment test?