A company purchased equipment on January 1, 2021, for $70,000. In addition, throughout 2021 the following costs related to the equipment have been incurred: Routine maintenance $4,500
Employee operating costs 14.800
Utilities cost 3.300

The amount of expenditures to capitalize for the year is:

a. $92,600
b. $74,500
c. $70,000
d. $84.800

Expenditure is referred to as the money that is spent in buying any of the equipment or the goods and services for self-consumption. The most important thing about the expenditure is it cannot exceed the income of the person. It is always less than the income of the person.  

The correct answer for the amount of expenditures is c. $70,000

The computation of the amount of expenditures to capitalize for the year is:  

Purchased cost of an equipment  = $70,000

The cost of operating a property that falls between the purchase price and the installation price should be allocated.

Other costs are not taken into account because they are unrelated to the purchase and infrastructure projects.

Therefore, the correct option is c. $70,000

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c. $70,000

Explanation:

The computation of the expenditure amount that should be capitalized is shown below:

= Purchased cost of an equipment

= $70,000

As the cost that is spent for functioning the asset that lies between the purchased cost to the installation cost should be capitalized

And the other cost are not considered as they are not related to the purchased cost and installation cost

Hence, the correct option is c. $70,000

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