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Question 10 Sejahtera Company acquired a piece of production equipment on 31 January, 2014, for...

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Question 10 Sejahtera Company acquired a piece of production equipment on 31 January, 2014, for use in producing tripod stands. The catalog listed the equipment cost at RM50,000 on the date of purchase. Sejahtera Company was granted a trade discount of 3% Other information pertaining to the equipment is as follows: 1. The equipment had to be installed with a special attachment. The attachment cost RM2,400. An additional RM420 was paid to an installer who performed the installation. Freight costs amounted to RM335 for shipping the equipment to Sejahtera manufacturing plant. 2. 3. One of Sejahtera's employees knocked the equipment against the wall prior to installation and caused damage to the equipment in the amount of RM200 and damage to the wall in the amount of RM225. Sejahtera's borrowed RM50,000 from the bank to pay for the equipment, with an agreement to repay the loan at RM10,000 per year beginning 31 January, 2014, plus accrued interest at 10%. 4. 5. Sales taxes paid on the equipment are RM2,500. 6. Employees were provided a one-day training session to learn how to use the equipment. The training session cost RM600 Required: Determine the cost of the equipment for Sejahtera Company

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