Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrowideas from gpt, but please do not believe its answer.Very very grateful! Previous pageWhat would be the amount of themachinery's purchase?O a. £594,000O b.£650,000O c.£618,000O d. £606,000 On 31st of July 2023, Dino Plc which has a financial year end at 31st of March bought a bespokemachinery for its business operations. The firm's accountant presented a breakdown of the fullexpense related to this purchase:ItemNo.1.2. Import duties3.4.5.6.7.8.Manufacturer's list priceTrade discountsTesting and installation chargesDelivery of machinery chargesNon-refundable purchase taxesPurchase of spare partsServicing contract for the yearAmountWhat would be the amount of the initial cost that Dino Plc will needmachinery's purchase?£600,000£12,000£32,000£12,000£5,000£9,000£2,000£10,000capitalise with respect to the

Expenses means the amount spent for running the business. Fixed assets means the amount spent on…

Answered: On 31st of July 2023, Dino Plc which…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!

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What would be the amount of the
machinery's purchase?
O a. £594,000
O b.
£650,000
O c.
£618,000
O d. £606,000

On 31st of July 2023, Dino Plc which has a financial year end at 31st of March bought a bespoke
machinery for its business operations. The firm's accountant presented a breakdown of the full
expense related to this purchase:
Item
No.
1.
2. Import duties
3.
4.
5.
6.
7.
8.
Manufacturer's list price
Trade discounts
Testing and installation charges
Delivery of machinery charges
Non-refundable purchase taxes
Purchase of spare parts
Servicing contract for the year
Amount
What would be the amount of the initial cost that Dino Plc will need
machinery's purchase?
£600,000
£12,000
£32,000
£12,000
£5,000
£9,000
£2,000
£10,000
capitalise with respect to the

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