This week, in learning more about valuing long-term assets and depreciation, what if you were exposed to the following scenario? How much would you value the asset at? Why? Let us say that a company acquired a large rotary forge to be used in its manufacturing process from a competitor that was going out of business. The following costs were incurred by the company in connection with the acquisition: List price $ 375,000 Finder's fee 1,500 Transportation to company's plant 13,000 Cleaning and repainting the forge 1,800 Installation costs 21,000 Costs to repair a control panel damaged during installation 900 Empty heading How much should you value/capitalize to the machinery account