Bramble Corp. purchased factory equipment with an invoice price of $79,100. Other costs incurred were freight costs, $1,130; installation wiring and foundation, $2,120; material and labor costs in testing equipment, $880; oil lubricants and supplies to be used with equipment, $820; fire insurance policy covering equipment, $1,500. The equipment is estimated to have a $6,000 salvage value at the end of its 10-year useful service life. Compute the acquisition cost of the equipment. Acquisition cost of the equipment (Round answer to 1 decimal place, e.g. 15.5%) If the straight-line method of depreciation was used, the annual rate applied to the depreciable cost would be