Relish Company incurs the following costs associated with the purchase of a new machine:

Purchase Price $20,000

Sales Tax 1,500

Manufacturer testing to ensure proper functioning 500

Shipping costs for the machine paid by Relish Company 200

What is the total cost Relish will capitalize when recording the asset?

Question 15 options:

	$22,200
	$20,000
	$22,000
	$20,500