Barium Corp purchased a piece of equipment on September 30 for $27,000. It cost $400 to ship the go the company's facilities and another $1,000 to install the equipment. After the equipment was installed the company had to pay an additional $1,500 for increased insurance. The capitalized cost of the equipment was
Select one:
a $29,900
b $29,500
c $28,400
d $27.400
