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ABC, Inc. purchased new machinery in order to improve its production process. Classify each of the following expenditures incurred last year as a capital expenditure (CE) or an immediate expense (IE) :
a. $42,000 purchase priceb. $2,520 sales tax paid on the purchase pricec. $4,000 transportation costsd. $1,850 installatione. $385 training of personnel for initial operation of the machineryf. $6,855 wages paid to employees that operate the machinery during productiong. $280 periodic lubrication after the machinery is placed in service.h. $150 ordinary repairs to maintain the machinery in working order
Give the value of the new machine, and list the financial statement in which it will be shown at fiscal year
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