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A company purchased a machine with a list/cost price of 540000 . The company was...

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Accounting

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A company purchased a machine with a list/cost price of 540000 . The company was allowed a 5% trade discount on the list price. In addition, the following costs were incurred. What was the cost of the machine recognised as a non-current asset on the statement of financial position? Exclude 5, and space from your answer, Example 388,500 is 85500

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