ded DB Required information [The following information applies to the questions displayed below.] At the beginning of the year, Periwinkle Manufacturing bought a shed, a machine, and a trailer. The shed initially cost $21,300 but had to be renovated at a cost of $740. The shed was expected to last 7 years, with a residual value of $1,950. Repairs costing $560 were incurred at the end of the first year of use. The machine cost $11,750, and is estimated to have a total life of 40,000 hours and residual value of $900. The maqnine was actually used 2,000 hours in year 1 and 4,000 hours in year 2. I The trailer cost $12,300 and was expected to last 4 years, with a residual value of $2,000. Required: 1. Compute the amount to be capitalized for the shed. Purchase price Renovation costs Repairs Total cost $ 20,500 580 0 21,080 *Red text indicates no response was expected in a cell or a formula based calculation is incorrect; no points deducted