09 zed as a Capital COSt. d) not be taken into consideration, these costs are irrelevant. 18. Ukela Corp. purchased a piece of equipment on May 15 for $27,000. It cost $400 to ship the equipment to the company's facilities and another $1,000 to install the equipment. After the equipment was installed the company had to pay an additional $1,500 for increased insurance. The capitalized cost of the equipment was a) $29,900. b) $29,500. c) $28,400. d) $27,400. 19. A plot of land was purchased for $120.000 which had $10.000 of past due property taxes on