Q$.$ No$.7$

A Polymer company bought a new machine. The company incurred the following expenditures in connection with the purchase.

a$.$ Purchase price $($net of discount, Rs $60,000),$ Rs $5,40,000$

b$.$ Tax Rs $40,000$

c$.$ Freight Rs $12,000$

d$.$ Unloading and loading due to truck breakdown Rs $1,000$

e$.$ Transit insurance Rs $3,000$

f$.$ Special bedding to be changed twice during the life of the machine Rs $6,000$

g$.$ Cost of trial production runs Rs $4,000$

h$.$ Compensation to a worker for injury while unloading the machine Rs $2,000$

Required

Compute the cost of acquisition of the machine.