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Corazon Company purchased an asset with a list price of $15,000. Corazon paid $750 of transportation-in cost, $1,050 to train an employee to operate the
Corazon Company purchased an asset with a list price of $15,000. Corazon paid $750 of transportation-in cost, $1,050 to train an employee to operate the equipment, and $450 to insure the asset against theft after it has been set up in the factory. The asset was purchased under terms 1/20, n/30 and Corazon paid for the asset within the discount period. Based on this information, Corazon would capitalize the asset on its books at:
A. 16,650
B. 16,050
C. 15,900
D. 15,000
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