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What amount of the costs should be capitalized

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Reference no: EM132736589

Question - On September 10, 2020, Marigold Corp. incurred the following costs for one of its printing presses:

Purchase of attachment $53500

Installation of attachment $5500

Replacement parts for renovation of press $15500

Labor and overhead in connection with renovation of press $6700

Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized?

a. $81200.

b. $74500.

c. $65700.

d. $0.

Reference no: EM132736589

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