W bought a new printing machine. The cost of the machine was $150,000. The installation costs were $15,000 and the employees received training on how to use the machine, at a cost of $10,500. Before using the machine to print customers' orders, a test was undertken and the paper and ink cost $12,500. What should be the cost of the machine in the company's statement of financial position?
| Cost of the machine | 150,000 |
| Installation costs | 15,000 |
| Paper and Ink cost | 12,500 |
| Cost of the machine to be capitalized | 177,500 |
Note: Training cost should not be capitalized!