Tracie's Trikes Inc. purchased a new air compressor for $1,850 on January 1, 2019. Freight and delivery costs are $75. Annual maintenance and repair costs are $50 per year and will keep the compressor in good operating condition over its useful life of 5 years.

What amount should Tracie's Trikes record for 2019 for the total cost of the compressor?

a. $2,175

b. $1,925

c. $1,850

d. $1,775