! Required information [The following information applies to the questions displayed below.] At the beginning of the year, Grillo Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $9,000 800 600 500 Required: 1. Compute the amount to be capitalized for Machine A. Answer is complete but not entirely correct. Purchase price $ 9,000 Installation costs 800 Renovation costs 600 Repairs 500X Total cost $ 10,900