9)

What is the initial book value of a new piece of equipment given the following information? Note that not alm be needed. Purchase price of new equipment is $117,000. Shipping cost of the new equipment is $4,000. Salvage value of old equipment being replaced is $53,000 Expected salvage value of the new equipment for depreciation purposes is $32.000 Installation cost for the new equipment is $17,000 Tax rate is 21\% a. 166980.00 b. 121000.00 c. 117000.00 d. 114540.00 e. 138000,00 1. 134000.00 g. 85000.00