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OBJECTIVE Brief Exercise 7-30 Acquisition Cost Desert State University installed a HD video board with an invoice price of $5,000,000 in its foot- ball stadium.

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OBJECTIVE Brief Exercise 7-30 Acquisition Cost Desert State University installed a HD video board with an invoice price of $5,000,000 in its foot- ball stadium. Desert State paid an additional $100,000 of delivery and installation costs relating to this board. Because this is one of the largest boards in the world, Desert State also installed ten S-ton air conditioning units at a total cost of $120,000 to keep the board cool in the desert heat. Required: Determine the cost of the video board

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