1. Advanced Technologies, a computer manufacturer, purchased a machine that applies computer chips to circuit boards, using a process known as Surface Mount ring the machine are listed Identify where each cost should be reported in the accounting records. below. Record in Amount Equipment Repair Exp Ppd Exp urchase price Transportation ngineer's fees to set up and adjust the machine to required specifications Electrician's fee to install a new power outlet equired by the SMT machine 150,000 1,200 2,000 800 Repairs made to the wall as a result of damage during installation of the new power outlet 500 Cost of chips and circuit board used to test the ew machine before it is put into production Cost of 3-year service contract requiring the manufacturer of the SMT machine to make any repairs needed, at no cost 300 3,000 Total