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What is the machinery cost now

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2012 Dear all,

I purchased one machinery (fixed asset) worth 5,00,000 for establishing this machinery the following expenditure occured
1)traveling :12000
2)Porter charges 2000
3)Coffee Tea charges 200
4)Establishment charges 20000
5)Other Mis charges 3000

these all expenses can i add to machinery cost if yes Please tell me the entry

please explain
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Guest (Expert)
17 July 2012 If the above expenses are incurred in relation to acquisition of machinery then they can be added to cost of asset.
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