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On October 1, 20X4, Shaw Corp. purchased a machine for $126,000 that was placed in service on November 30, 20X4. Shaw incurred additional costs for
On October 1, 20X4, Shaw Corp. purchased a machine for $126,000 that was placed in service on November 30, 20X4. Shaw incurred additional costs for this machine, as follows:
| Shipping | $ 3,000 | |
| Installation | 4,000 | |
| Testing | 5,000 |
In Shaw's December 31, 20X4 Balance Sheet, the machine's cost should be reported as:
$126,000
$133,000
$138,000
$129,000
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