các bạn ơi, giúp mình giải bài tập này với, thank's all!!
On 1 October 2007 Hardware Limited acquired a machine under the following terms:
Manufacturer's base price: $50,000
Trade discount (applying to base price only):10%
Early settlement discount taken (on the payable amount of the base cost only): 2%
Freight charges: $1,000
Electrical installation cost : $800
Staff training in use of machine: $900
Pre-production testing: $1,300
Purchase of a three-year maintenance contract: $7,500
Estimated residual value: $3,000
Estimated life in production units: 6,000
Units produced - year ended 30 September 2008: 1,200
-year ended 30 September 2009 (see below): 1,100
Hardware had incorrectly specified the power loading of the original electrical cable to be
installed by the contractor. The cost of correcting this error of $100,000 is included in the
above figure of $800,000.
On 1 October 2008 Hardware decided to upgrade the machine by adding new
components at a cost of $5 million. This upgrade led to a reduction in the production time
per unit of the goods being manufactured using the machine. The upgrade also increased
the estimated remaining life of the machine at 1 October 2008 to 5,500 production units
and its estimated residual value was revised to $4 million.
Required:
Prepare extracts from the income statement and statement of financial position for the
above machine for each of the three years to 30 September 2008 and 2009.