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At what cost value should sav record this vault

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Question - San Andreas Vaults (SAV) purchased a second-hand computerised bank vault at a cost of $40,000. Delivery charges were $2,000, and it required $7,000 of repairs to get it ready for initial use. After six months use it required routine maintenance costing $1,200.

At what cost value should SAV record this vault?

a. $40,000

b. $49,000

c. $50,200

d. $48,200

e. $42,000

Reference no: EM132079889

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