Answer:
Dr Fixed asset $156,000
Cr Cash $156,000
Being entries to record the cost of the machine
Step-by-step explanation:
The cost to wire electricity and secure the machine in place are part of the cost to make the machine available for use as such, these will be capitalized with the cost of purchase of the asset.
Capitalized cost of asset
= $144,000 + $10,000 + $2,000
= $156,000