QS 8-1 (Algo) Cost of plant assets LO C1 Kegler Bowling buys scorekeeping equipment with an invoice cost of $200,000. The electrical work required for the installation costs $21,000. Additional costs are $4,200 for delivery and $14.410 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,940. Indicate whether each cost should be recorded as the cost of the equipment or expensed as incurred. Amount Included! Excluded Account $ Costs Invoice cost Electrical work required for installation Delivery costs Sales tax Repair costs Total recorded cost 200,000 21,000 4200 14 410 1,940