Lightfoot Corp.incurred the following expenditures: $8,000 cost of annual property insurance on the company's warehouse; $12,000 cost to develop and register a trademark; $30,000 cost to pave the parking lot for the company's distribution center; $2,000 cost of repairs and maintenance on the company's lawn service equipment.The total amount of these expenditures that Lightfoot Corp.should be capitalized are?

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The costs to develop and register a trademark ($12,000) and to pave the parking lot ($30,000) are capitalized, totaling $42,000. The insurance and repairs are expensed.