On 1 January 20X5 a company purchased some plant. The invoice showed $ Cost of plant 48,000 Delivery to factory 400 One year warranty covering breakdown during 20X5 800 49,200 Modifications to the factory building costing $2,200 were necessary to enable the plant to be installed. What amount should be capitalised for the plant in the company's records?

On 1 January 20X5 a company purchased some plant. The invoice showed $ Cost of plant 48,000 Delivery to factory 400 One year warranty covering breakdown during 20X5 800 49,200 Modifications to the factory building costing $2,200 were necessary to enable the plant to be installed. What amount should be capitalised for the plant in the company's records?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 40P

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