please explain each step.

Calculator Brief Exercise 7-30 (Algorithmic) Acquisition Cost Desert State University installed a HD video board with an invoice price of $7,400,000 in its football stadium, Desert State paid an additional $444,000 of delivery and installation costs relating to this board. Because this is one of the largest boards in the world, Desert State also installed ten 5-ton air conditioning units at a total cost of $740,000 to keep the board cool in the desert heat. Required Determine the cost of the video board 8,140,000X YChek My Work The cost of a fixed asset is any expendture necessary to acquire the asset and to prepare the asset for use These expenditures are said to be capitalized