Due to increases in business, we needed to purchase a new filing machine to keep up with the demand for our products. The machine was purchased new for $80,000 and freight costs were $2,500. Installation costs were $2,800, but during the unpacking and installing process, a piece of the equipment was damaged and costs an additional $1,100 to repair. How should these costs be classified? Sincerely. Drake Martin Plant Manager | Blue Mountain Soda Factory 586.400 should be classified as a fixed asset. 585,300 should be classified as a fixed asset and $1,100 should be classified as an expense O $80,000 should be classified as a fixed asset and $6,400 should be classified as an expense $82,500 should be classified as a fixed asset and $3,900 should be classified as an expense Respond