1. On January 2, Apple Company purchases factory machine at a cash price of $30,000. Related expenditures are sales taxes $1,000, Insurance after the installation is $100, Installation and testing $500, Salvage value is $500. Useful life of the machine is 5 years. a. Compute the cost component of the machine. (cash price + taxes + insurance + installation) b. Compute the total costs of the machine. (cash price + taxes + installation) c. The formula used in calculating the annual depreciation is: 1-Annual Depreciation=(cost-Salvage value)/Useful life d. Using straight line method, how much will be the annual depreciation cost? e. Calculate the book value of the machine at the end of the 2nd year? f-Calculate the book value of the machine at the end of the 3rd year?