On January 1, 20x7, Bedor Inc. purchased a piece of equipment at a cost of $56987,...

On January 1, 20x7, Bedor Inc. purchased a piece of equipment at a cost of $56987, which included freight charges of $9602. It cost the company $2875 to install the equipment. After the installation of the piece of equipment, Bedor Inc. had to pay an additional $2040 for new insurance.

What is the capitalized cost of the piece of equipment?

a. $50260

b. $61902

c. $59862

d. $47385

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Expert Solution

ekkarill92 answered 1 year ago

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