21- Erin Danielle Company purchased equipment and incurred the following costs. Cash price $24,000 Sales taxes 1,200 Insurance during transit 200 Installation and testing 600 Total costs $25,800 What amount should be recorded as the cost of the equipment? (a) $24,000 () $25,200 () $25,400 () $25,800 22- Micah Bartlett Company purchased equipment on Juay 1, 2014 at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 2015, if the straight-line method of depreciation is used, is: (a) $80,000 (b) $160,000 (c) $78,000 (d) $156,000