1. A new machine with a purchase price of $94,000, with transportation costs of $8,000, installation costs of $6,000, and a government permit fee of $2,000, would have a cost basis of: Group of answer choices

$ 96,000

$108,000

$102,000

$110,000

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2. Equipment with a cost of $130,000 has an estimated residual value of $10,000 and an estimated life of 5 years or 12,000 hours. It is to be depreciated by the units of production method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? Group of answer choices

$24,000

$32,500

$33,000

$35,750