An office of the INS acquired some used computer equipment. Installation costs were $12,000. Repair costs prior to use were $13,000. The purchasing manager, with a salary of $58,000 per annum, spent 1 month evaluating equipment and completing the transaction. The invoice price was $200,000. The seller paid its salesman a commission of 6% and offered the buyer a cash discount of 9% if the invoice was paid within 30 days. Freight costs were $6,600, paid by the purchaser. Repairs during the first year of use were $15,000. Requirement 1. Compute the total capitalized cost to be added to the Equipment account. The seller was paid within 30 days. Requirement 1. Compute the total capitalized cost to be added to the Equipment account. The seller was paid within 30 days. Now, calculate the cost to be added to the Equipment account. Start by selecting the formula and entering the amounts to solve for the addition to the Equipment account. Costs to include Amounts Total capitalized cost of equipment