Q A printing company called XYZ buys a printing machine that was priced at 2,000,000 on credit. If XYZ pays within 30 days of delivery, they will receive a 10% discount on the invoice price. XYZ plans to take advantage of the discount, The supplier also charged an assembling fee of 500,000 (to which the discount does not apply). At what amount should XYZ initially recognize this machine? Select the best response, and then click Submit 1,800,000: 2,000,000 X 90% 2,000,000 2,300,000 2,000,000 x 90% + 500,000 2,500,000 2,000,000+ 500,000 Q Werock Co. acquires a machine that should go through a major overhaul every three years. The total price for the equipment is 1 million. It is estimated that each overhaul will cost 200,000 and that the machine has a useful life of 10 years. How should the manufacturer initially recognize this machine? Sefer the best response, and then dick Submit Recognize an asset for et million, which will be depreciated over 10 years. Recognize two assets--the machine having a worth of 800,000 depreciated over 10 years and the costs related to the overhaul of E200,000 depreciated over three years Recognize an asset for 1,600,000 (comprising the machine and the initial estimated costs of the required three overhauls over the life of the asset which will be depreciated over 10 years Recognise an asset for 800,000 (depreciated over 10 years) and expense of 200,000 Q SafeCo, acquires a machine for 10 million and its useful life will be 10 years. It is estimated that it will cost 200,000 to dismantle the machine. How should SafeCo, account for the expected dismantling costs? Select the best response, and then click Submit Expense it when the machine is initially recognized Expense it in the future when they incur the expenditure. Capitalize it in the future when they incur the expenditure, and depreciate it over the machine's remaining useful life. Capitalize the present value of the expected dismantling costs to the initial cost of the machine and depreciate it over the machine's useful life