5. On January 1, 2006, Victory Ltd. purchased used machinery for $50 000. They spent $2000 on shipping and forwarding charges, $1000 on import duty, $1000 on delivery (that is, carriage inwards), $500 on repair charges, $200 on installation charges, $400 on brokerage of the middleman, and $100 on an iron pad that sits under the machinery. The total cost of the machinery was: A. $55,100 B. $55,000 C. $54,600 D. $55,200