Altra Shoe Company, a calendar-year corporation, purchased a new piece of equipment for $200,000 on July 1, 20x1. Additional costs of the press included sales tax of 7 percent of purchase price) and freight of $1,000. The equipment has a useful life of 10 years or 21,500 hours with no salvage value Compute the amount at which the printing press should be recorded as an asset (acquisition cost). Select one: a. $214,000 b. 5201,000 C$215,000 d. $200,000