Q14. Cost of Property. Plant, and Equipment (6 minutes - 3 marks) Seas the Day is about manufacturing company that a 1283.067 to purchase equipment for use in its boat maacturing operations Seas the Day incurred the following expenditure into the equipment $1.tright to comes to its boutiantung 5764 insurance while the woment was intring delivered 572 osecuted concrete reforcement and to house the main the factory 5500 focsance pocy on the interit had been 31514 test the interest was in service 3655formance of years the cost of the to be reason that you to Do ind rys. Des your Q14. Cost of Property. Plant, and Equipment (6 minutes - 3 marks) Seas the Day is a boat manufacturing company that paid $283,067 to purchase equipment for use in its boat manufacturing operations Seas the Day incurred the following expenditures relating to the equipment: 51481 freight to have the equipment shipped to its boat manufacturing facility - 5764 Insurance while the equipment was in transit/being delivered . 32 for special steel and concrete reinforcements used to house the equipment in the factory, $566 for a one year insurance policy on the equipment after it had been installed 5 514 to test the equipment before it was placed in service 505 for maintenance costs during the first year of service Calculate the cost of the equipment to be reported as an asset on the balance theet Round your final answer to the nearest dollar. Do not round Intermediary answers. Do not use it in your final