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In the year 2004- 2005, C Ltd. purchased a new machine and made the following payments in relation to it: 


The cost of the machine is

  • a)
    Rs. 5,40,000

  • b)
    Rs. 5,45,000

  • c)
    Rs. 4,70,000

  • d)
    Rs. 5,50,000

Correct answer is option 'A'. Can you explain this answer?
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In the year 2004- 2005, C Ltd. purchased a new machine and made the fo...
Costs to include:
  • Cost as per supplier's list: ₹5,20,000
  • Less: Agreed discount: ₹50,000
  • Delivery charges: ₹10,000
  • Erection charges: ₹20,000
  • Additional components to increase capacity: ₹40,000
Calculation:
  1. Net cost after discount = ₹5,20,000 - ₹50,000 = ₹4,70,000
  2. Add delivery charges = ₹4,70,000 + ₹10,000 = ₹4,80,000
  3. Add erection charges = ₹4,80,000 + ₹20,000 = ₹5,00,000
  4. Add cost of additional components = ₹5,00,000 + ₹40,000 = ₹5,40,000
The cost of the machine is ₹5,40,000.
Thus, the correct answer is: A: ₹5,40,000.
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In the year 2004- 2005, C Ltd. purchased a new machine and made the following payments in relation to it:The cost of the machine isa)Rs. 5,40,000b)Rs. 5,45,000c)Rs. 4,70,000d)Rs. 5,50,000Correct answer is option 'A'. Can you explain this answer?
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