1 8 points eBook Exercise 6-4A (Algo) Determining the cost of an asset LO 6-1 Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $124,960. The seller agreed to allow a 6.00 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,050. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $790. The loader operator is paid an annual salary of $42,830. The cost of the company's theft insurance policy increased by $2,290 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $6,900. Required Determine the amount to be capitalized in the asset account for the purchase of the front-end loader. (Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign.) Hint Print Costs that are to be capitalized: List price References Total costs $ 0