1. On 1st March 2021, a company purchased some Machinery. The invoice showed:

   Cost of machinery	46,000
   Delivery to factory	400
   Installation cost	2,200
   Testing cost	1,000

   One year warranty covering breakdown from 1st March 2021 to 28 February 2022 800.

   What amount should be capitalised for the plant in the companys statement of financial position in accordance with IAS 16

   Property, Plant and Equipment?

   1. 46,000

   2. 46,400

   3. 50,400

   4. 49,600