A new machine with a purchase price of $97,641.00, with transportation costs of $8,751.00, installation costs of $6,548.00, and special acquisition fees of $1,701.00. Calculate a cost basis.

Select the correct answer.

$97,641.00

$104,189.00

$114,641.00

$105,890.00

A machine with a cost of $76,560.00 has an estimated residual value of $5,844.00 and an estimated life of 3 years or 14,382 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,662 hours?

Select the correct answer.

$47,144.00

$24,817.32

$23,572.00

$22,922.96