CP 8-2 Ekman Corporation purchased 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, set-up and debugging costs of $300, and the costs of purchasing 10 per cent on the purchase price of the printer but not on the other a new laser printer to be used in its appropriate table for $50. There was sales tax of an costs. Required: 1. Calculate the total cost of the laser printer. 2. Ekman management asks you whether the straight-line 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. CP 8-3 Freeman Inc. purchased a piece of a