Acquisition Cost}

Desert State University installed an HD video board with an invoice price of \(\$ 5,000,000\) in its football stadium. Desert State paid an additional \(\$ 100,000\) of delivery and installation costs relating to this board. Because this is one of the largest boards in the world, Desert State also installed 10 five-tonne air-conditioning units at a total cost of \(\$ 120,000\) to keep the board cool in the desert heat.

\section*{Required:}

Determine the cost of the video board.

\section*{Brief Exercise