On August 1, 2017, Dahomey Corp

On August 1, 2017, Dahomey Corp.purchases a new machine.The company makes a $6,000 cash down payment, and agrees to pay four monthly instalments of $9,000 each, starting September 1, 2017, signing a non-interest bearing note to this effect.The cash equivalent price of the machine is $36,000.As well, Dahomey pays installation costs of $1,000.The recorded cost of the machine should be

A) $7,000.
B) $37,000.
C) $42,000.
D) $43,000.