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Determine the cost of the machine

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Question - On 1 January 2016, Kintex Engineering bought a machine. The following information relates to the machine:

Net price $100,000

Delivery charge 7,000

Special platform to place the machine 5,000

Machine operators' salary per month 7,500

Maintenance per month 2,000

Taxes 8,000

The machine has a useful life of 4 years and a residual value of $20,000. Determine the cost of the machine.

Reference no: EM132712929

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