7.Crimson Inc. purchases a weaving machine for $11,000. In addition, it incurs sales tax of $500, shipping costs of $1,000 and $2,000 in labor costs to put the machine in place. Estimated residual value of the machine at the end of its useful life is $750. What is the depreciable base of the machine? A$11,000 B. $11,500 C.$13,750 D.$14,500 8. On June 1, 2016, On Call Inc. purchases a Mercedes Benz for use in the company business. The cost of the vehicle is $55,000, the useful life is estimated at four years and the residual value is $5,000. What is total depreciation in the first year of the cars purchase, assuming it meets the definition of a passenger vehicle, the applicable MACRS rate is 20%, 50% bonus depreciation is taken and maximum depreciation in Year 1 is $11,1607 A$11,160 b.$20,000 C$22 500D$23,750 9.Arrow Inc. purchases 25 injection molding machines at a total cost of $110,000. The useful life is estimated to be 10 years and the residual value is $7,000. Arrow uses straight-line depreciation. What is Arrow's depreciation in Year Three? A.$11,000 B.$10,000 CS10,500 D$10,300