Idaho Corp. incurred the following costs for one of its potato processing machines:

Purchase of sorting and shrink-wrapping attachment	$	25,000
Installation of attachment		5,000
Replacement parts for refurbishment of machine		15,000
Labor and overhead related to the refurbishment		9,000

The refurbishment improved machine efficiency by 20%. Neither the attachment nor the refurbishment increased the estimated useful life of the machine. What amount of the above costs should be capitalized?

Multiple Choice

• $0

• $24,000

• $30,000

• $54,000