999.)

Toomz Company recently purchased a machine to be used in their business. The price of the machine was $100,000. Toomz also paid sales tax of $6,000 on the purchase, shipping and preparation costs of $5,000, annual inspection fee of $500, and insurance for the first year of operation of $4,000. What amount should Toomz capitalize as the cost of the machine?

A.) $111,000

B.) $111,500

C.) $115,000

D.) $115,500