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Tom Ltd. bought a new machine. The cost of the machine was 10,000. The installation costs were 1,000 and the employees received specific training on

image text in transcribed Tom Ltd. bought a new machine. The cost of the machine was 10,000. The installation costs were 1,000 and the employees received specific training on how to use this particular machine, at a cost of 200. Before using the machine to make parts, a test was performed, and the oil and initial parts required for this test cost 50. It costs 100 to insure the machine for the year. What should the cost of the machine be in the balance sheet? O a. 10,000 O b. 11,000 O c. 11,250 O d. 11,350 Clear my choice

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