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What is the total capitalised cost of the asset

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Reference no: EM132876747

Question - In the year ending 31/12/X9, a company purchased machinery costing £80,000. Other costs relating to the machinery in the year were as follows:

- Transport and installation £10,000

- Testing and set up £2,000

- Staff training £5,000

- Maintenance £1,500

According to IAS 16 Property, Plant & Equipment, what is the total capitalised cost of the asset at the year ending 31 Dec X9?

A. £97,000

B. £92,000

C. £90,000

D. £98,500

Reference no: EM132876747

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