3'} EYE, Inc. purchased a new piece of manufacturing equipment during 2005. The purchase price of the equipment was $?50,000. Besides, the equipment cost $15,000 to transport to XYZ's facilities, half of which was paid for by the seller, not XYZ, Inc. KY2, Inc. decided to insure the equipment in transit for $1,200. When the equipment arrived, RYE, Inc. realized that the oor where the equipment was to he located needed to he reinforced at $10,000 in addition to the anticipated installation costs of $25,000. The installation was done during a regularly scheduled maintenance period for the plant when workers were off anyway. KY3, Inc. estimates that the useful life of the equipment will he 10 years. EYE, Inc. is on a calendar scal year. The equipment was ordered on Filf05; arrived at EYE. Inc.'s plant on Filfv'S, and was fully installed by 12f31f05. You can round any calculations required in this question to the even month. EYE, Inc. hegins depreciating depreciahle assets as of the end of the first moni they are placed in service. Finally, they will depreciate the equipment using the straightline method and vn'll assume a $50,000 salvage value