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(5) Douglas Air owns a large forklift. The equipment has a market value of $90,000 today based on a recent appraisal. Originally, it cost $125,900.
(5) Douglas Air owns a large forklift. The equipment has a market value of $90,000 today based on a recent appraisal. Originally, it cost $125,900. Last week, the company spent $15,655 repairing the engine and hydraulics. If the company decides to use this forklift for a new product expansion project, the cost assigned to that project for this equipment should be: (6 points)
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