Cost of a Tangible Capital Asset}

Colson Photography Service purchased a new digital imaging machine on April 15 for \(\$ 11,200\). During installation Colson incurred and paid in cash the following costs:

Colson also paid \(\$ 160\) to replace a bracket on the digital imager that was damaged when one of Colson's employees dropped a box on it while it was bẹing installed.

\section*{Required:}
1. Determine the cost of the digital imaging machine.
2. CONCEPTUAL CONNECTION Explain why you included or excluded the \(\$ 160\) bracket replacement cost.
\section*{Exercise

Transcribed Image Text:

Rental of drill Electrical contractor Plumbing contractor $ 150 1,300 785