Question: On April 1 , 2 0 1 9 , Bennett Corporation purchased a new machine on a deferred payment basis. A down payment of $

On April 1,2019, Bennett Corporation purchased a new machine on a deferred payment basis. A down payment of $5,000 was made and 10 monthly installments of $14,000 each are to be made beginning on May 1,2019. The cash equivalent price of the machine was $130,000. Bennett incurred and paid installation costs amounting to $6,000. The amount to be capitalized as the cost of the machine is
$136,000
$145,000
$151,000
$130,000

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