please answer CORRECTLY!

Andrews Mechanics, Inc., purchased a new piece of equipment for one of the company's repair shops on January 1, 2010. The invoice price was $65,300, but the salesperson gave Andrews a 8% discount for paying cash for the equipment. Delivery costs amounted to $1,700, and Andrews paid $500 for a special insurance policy to cover the equipment while in transit. The installation cost was $750, and Andrews spent $2,600 training the employees to use the new equipment. Additionally, Andrews had to spend $7,300 to customize the equipment to fit the shop's needs and hired a special mechanic at an annual salary of $51,000 who had several years experience with this type of equipment. Requirements 1. What amount should be capitalized for this new asset? + + + + + 1 Amount to be Capitalized 2. To calculate the depreciation expense for 2010, what other information do you need? (Complete only the necessary answer boxes.) Do you think the company should gather this information before purchasing the asset? Why or why not? The company this information the proposed purchase of equipment