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Determine the initial cost of the machine

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Reference no: EM133136720

Question - An entity purchased a factory and incurred the following costs:

Cost as per the supplier's price (with taxes included) 5,000,000

Delivery and handling costs 100,000

Site preparation 80,000

Consultants used for advice on acquisition of factory 50,000

Estimated dismantling cost (present value $ 200 000) 300,000

Operating losses before commercial production 450,000

Required - Determine the initial cost of the machine.

Reference no: EM133136720

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