Cost of a Fixed Asset the machine transported to its place of business and an additional $200 in shipping insurance. Mist City incurred the following costs as a part of the installation: Required: Compute the cost of the car-washing machine. 4 X Fecebseck Theck Cty Work The cost of a fixed asset is any expenditure necessary to acquire the asset and to prepare the assot for use. These expenditures are said to be capitalized..