Hunt Company purchased factory equipment with an invoice price of $$90,000.$ Other costs incurred were freight costs, $$1,100$; installation wiring and foundation, $$2,200$; material and labor costs in testing equipment, $$700$; oil lubricants and supplies to be used with equipment, $$500$; fire insurance policy covering equipment, $$1,400.$ The equipment is estimated to have a $$5,000$ salvage value at the end of its $8-$year useful service life.

Compute the acquisition cost of the equipment.

Acquisition cost of the equipment

eTextbook and Media

If the double$-$declining$-$balance method of depreciation was used, the constant percentage applied to a declining book value would be