ZETO Company acquired a new construction crane. The crane cost $1,000,000. In addition, Zeto paid delivery cost of $50,000, setup and installation of $75,000, and truck repairs of $5,000 (it seems that during setup, a large beam was accidentally dropped on the hood of one of Zeto's trucks).
ZETO should record the crane in its accounting records at:
a. $1,000,000
b. $1,050,000
c. $1,075,000
d. $1,125,000
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