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Cactus Ltd acquires some printing machinery. The amount paid to the manufacturer is $85 000,...

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Accounting

Cactus Ltd acquires some printing machinery. The amount paid to the manufacturer is $85 000, plus an additional $2000 for delivery. Once the machinery is delivered, it needs some modifications before it can be used. The modifications amount to $7000. An additional amount of $2000 is paid for installation. REQUIRED For accounting purposes, what is the cost of the machinery? Could other costs be included in the measurement of the cost of acquiring the printing machinery if its construction and installation took a substantial period of time

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