A used machine with a purchase price of $39,429, requiring an overhaul costing $9,017, installation costs of $5,921, and special acquisition fees of $26,660, would have a cost basis of Oa. $39,429 Ob. $81,027 Oc. $48,446 Od. $122,625 On December 31, Strike Company sold one of its batting cages for $242,420. The equipment had an original cost of $285,200 and has accumulated depreciation of $42,780. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Oa. no gain or loss Ob. loss of $(42,780) c. gain of $57,040 Od. can't be determined with data provided Computer equipment was acquired at the beginning of the year at a cost of $55,824 that has an estimated residual value of $3,499 and an estimated useful life of 7 years. Determine the second-year depreciation using the straight-line method. Oa. $14,950.00 Ob. $7,475.00 Oc. $8,474.71 Od. $7,974.86