Homework: THE BALANCE SHEET AND STATEMENT OF CASH FLOWS 9 Saw Score: 0 of 1 pt 8 of 122 complete HW Score: 3.82%, 0.46 of 12 P6-69A (book/static) Question Help C Alo Mechanics, Inc, purchased a new piece of equipment for one of the company's repair shops on January 1, 2010. The voice price was $54,700, but the salesperson gave Auto a 5% discount for paying cash for equipment Delivery costs amounted to $2,500, and Auto paid $300 for a special insurance policy to cover the equipment while in transit. The installation cost was $1,250, and Auto spent $2.500 training the employees to use the new equipment. Additionally, Auto had to spend $7.500 to customize the equipment to the shop's needs and hired a special mechanic at an annual salary of $55,000 who had several years experience with this type of equipment Beimen 1. What amount should be capitalized for this new asset? Amount to be Capitalized