Question - San Andreas Vaults (SAV) purchased a second-hand computerised bank vault at a cost of $40,000. Delivery charges were $2,000, and it required $7,000 of repairs to get it ready for initial use. After six months use it required routine maintenance costing $1,200.
At what cost value should SAV record this vault?
a. $40,000
b. $49,000
c. $50,200
d. $48,200
e. $42,000