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Company G purchased an equipment for $125,000 on January 1, 2022. The equipment was placed...

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Accounting

Company G purchased an equipment for $125,000 on January 1, 2022. The equipment was placed in service on May 30, 2022. The company also incurred $2,000 shipping cost, $3,000 installation cost, and $4,000 testing cost. At what value should Company G report the equipment on the balance sheet at year end, December 31?
  • A. $134,000
  • B. $125,000
  • C. $130,000
  • D. $127,000

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