A manufacturing company spent the following amounts on the import and installation of machine:
1. Rs. 50,000 : Price of the machine
2. Rs. 5,000 : Freight
3. Rs. 1,050 : Insurance premium
4. Rs. 6,000 : Replacement of a part damaged intransit, not covered under the insurance policy
Based on the above data, capital expenditure would be:

A. Rs. 50,000

B. Rs. 56,050

C. Rs. 62,050

D. Rs. 51,050

Answer: Option C