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  3. during 2015, idaho corp. incurred the following co

During 2015, Idaho Corp. incurred the following costs for one of its potato processing machines:...

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Accounting

During 2015, Idaho Corp. incurred the following costs for one of its potato processing machines:

Purchase of sorting and shrink-wrapping attachment $25,000 Installation of attachment 5,000 Replacement parts for refurbishment of machine 15,000 Labor and overhead related to the refurbishment 9,000

The refurbishment improved machine efficiency by 20%. Neither the attachment nor the refurbishment increased the estimated useful life of the machine. What amount of the above costs should be capitalized?

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