JOOVI Inc. has recently purchased and installed a new machine for its manufacturing plant. The company incurred the following costs:

Purchase price

$12,980

Freight and insurance

$1,200

Installation

$700

Testing

$100

Maintenance staff training costs

$500

The total cost of the machine to be shown on JOOVI’s balance sheet is closest to:

A. $14,180.

B. $14,980.

C. $15,480.