On February 1st, 2015 a company purchased some plant equipment. The invoice showed: Cost of equipment: $48,000 Delivery to factory: $400 One-year warranty covering breakdown during 2015: $1,000 Total: $49,400 Modifications to the factory building costing $2,200 were necessary to enable the equipment to be installed. SELECT ONLY ONE $51,400 $50,600 Calculate the amount that should be capitalized for the plant in the company's records. $48,400 $48,000 19-23