On January 2, 2010, York Corp. replaced its boiler with a more efficient one. The following information was available on that date: Purchase price of new boiler $150,000 Carrying amount of old boiler 10,000 Fair value of old boiler 4,000 Installation cost of new boiler 20,000 The old boiler was sold for $4,000. What amount should York capitalize as the cost of the new boiler? $150,000. $166,000. $170,000. $160,000