An entity acquires a press for a net purchase price of 200,000. It also incurs: delivery to the site 6,000, installation and assembly 9,000, fees of the engineer who commissioned the press 3,000, operator training 4,000, advertising to launch the new products 2,500, and an allocation of administrative overheads 1,500. What is the initial cost of the press?
- Net purchase price
- 200,000
- Delivery to the site
- 6,000
- Installation and assembly
- 9,000
- Engineer's fees
- 3,000
- Operator training
- 4,000
- Launch advertising
- 2,500
- Allocated administrative overheads
- 1,500