Mulligan Co. purchased a new machine on January 1. The following information pertains to the purchase: Life of asset 5 years Salvage value $9,000 Purchase price 54,000 Sales tax 3,000 Freight cost 2,400 Electrical set-up 2,100 Custom programming 1,500 Estimated annual labor savings 10,500 Additional revenue generated 24,000   a. Determine the capitalized cost of the new machine

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.