Acquisition Cost Desert State University installed a HD video board with an invoice price of $5,000,000 in its football stadium. Desert State paid an additional $100,000 of delivery and installation costs relating to this board. Because this is one of the largest boards in the world, Desert State also installed ten S-tonas conditioning units at a total cost of $120,000 to keep the board cool in the desert heat.
Required:
Determine the cost of the video board.