Granite Coast Fabrication Ltd. acquired a CNC milling machin…
Granite Coast Fabrication Ltd. acquired a CNC milling machine on March 1 for $420,000. Delivery and rigging required to position the machine cost $18,000, and diagnostic testing before the machine could operate cost $6,000. The machine was fully installed and ready for use on April 1. Employee training that occurred after commissioning cost an additional $14,000. What amount should Granite Coast capitalize as the cost of the machine?