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Mandy Manufacturing Purchased a Machine on August 1,2019,and It Was

Question 140

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Mandy Manufacturing purchased a machine on August 1,2019,and it was installed and ready to run on January 1,2020.The following costs were incurred in the purchase and installation of the machine.
 Invoice Price $1,400,000 Freight costs 8,000 Purchase discount 3,000 Installation costs 68,000 Electrical and power connections 33,000 Repairs to correct damage incurred during uncrating 13,000 Adjustments costs 46,000 Spare parts for future use 26,000 Provincial sales tax 84,000 Fines incurred during the transport and uploading of the machine 100 Cost of special foundation for the machine 7,000\begin{array}{|l|r|}\hline \text { Invoice Price } & \$ 1,400,000 \\\hline \text { Freight costs } & 8,000 \\\hline \text { Purchase discount } & 3,000 \\\hline \text { Installation costs } & 68,000 \\\hline \text { Electrical and power connections } & 33,000 \\\hline \text { Repairs to correct damage incurred during uncrating } & 13,000 \\\hline \text { Adjustments costs } & 46,000 \\\hline \text { Spare parts for future use } & 26,000 \\\hline \text { Provincial sales tax } & 84,000 \\\hline \text { Fines incurred during the transport and uploading of the machine } & 100 \\\hline \text { Cost of special foundation for the machine } & 7,000\\\hline\end{array} Calculate the depreciable cost of the machine.

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