Cominsky Company purchased a machine on July 1, 2015, for $56,084. Cominsky paid $401 in title fees and county property tax of $250 on the machine. In addition, Cominsky paid $1,002 shipping charges for delivery, and $951 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $6,009.