On September 10, 2020, Waterway Industries incurred the following costs for one of its printing presses: Purchase of attachment $50500 Installation of attachment 5300 Replacement parts for renovation of press 16300 Labor and overhead in connection with renovation of press 6900 Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized? $0 $72100 $62700 $79000 On January 2, 2020, Waterway Industries replaced its boiler with a more efficient one. The following information was available on that date: Purchase price of new boiler Carrying amount of old boiler Fair value of old boiler Installation cost of new boiler $152500 12000 3600 21700 The old boiler was sold for $3600. What amount should Waterway capitalize as the cost of the new boller? $168100 $174200 $164500 $152500