Libom Ltd. purchase a drill for raw materials on 1/7/14. Cost of drill is $3,455,000....
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Libom Ltd. purchase a drill for raw materials on 1/7/14. Cost of drill is $3,455,000. Installation costs are the following:
Site access costs $1,548,000
Transportation of drill 330,500
Set-up 190,000
Licence/consent 854,900
Engineers fees 250,000
Total $3,173,400
Dismantling costs $ 110,500 (in 6 years time)
Site clean-up 1,749,000
Transport costs 285,000
Replacement-Flora 427,700
Total $2,572,200
Costs to be over life of the mine. Discount rate is 9%.
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