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Jobvo, Inc. purchased a new machine for its plant, incurring the following costs: Purchase Price $12,980 Freight and Insurance 1200 Installation 700 Testing 100 Maintenance

Jobvo, Inc. purchased a new machine for its plant, incurring the following costs:

Purchase Price $12,980

Freight and Insurance 1200

Installation 700

Testing 100

Maintenance Staff Training 500

At what value should the company record the machine on its balance sheet?

A. $15,480

B, $14,980

C. $14,880

D. $14,180

E. $12,980

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