CP 82 Ekman Corporation purchased a new laser printer to be used in its business. The printer had a list price of $4,000, but Ekman was able to purchase it for $3,250. The company expects it to have a useful life of five years, with an estimated salvage value of $250. Ekman is paying the delivery costs of $100, setup and debugging costs of $300, and the costs of purchasing an appropriate table for $50. There was sales tax of 10 per cent on the purchase price of the printer but not on the other costs. Required: 1. Calculate the total cost of the laser printer. 2. Ekman management asks you whether the straightline or double declining balance method of depreciation would be most appropriate for the printer. Provide calculations to support your answer. Assume the company uses the year rule to calculate depreciation expense in the year of acquisition and disposal.