Exercise 7-44 Cost of a Fixed Asset Colson Photography Service purchased a new digital imaging machine on April 15 for $11,200. During installation Colson incurred and paid in cash the following costs: Rental of drill $150 Electrical contractor 1,300 Plumbing contractor 785 Colson also paid $160 to replace a bracket on the digital imager that was damaged when one of Colson's employees dropped a box on it while it was being installed. Required: Determine the cost of the digital imaging machine. $