I was confused

Tea Tree Ba,r Ltd acquires a Gizmo Machine from Jetsons Ltd for the following consideration: szom In the books of Tea Tree Bay Ltd the land is recorded at its cost of $100,000. It has a fair value of $140,000. Equipment: in the books of Tea Tree Bay Ltd the equipment is recorded at a cost of $50,000. The equipment has an accumulated depreciation balance of $20,000. The fairvalue of the equipment is $23,000 Assumption Tea Tree Bay Ltd also agrees to assume the liability of Jetsons Ltd's bank loan of liability of $30,000 as part of the Gizmo Machine acquisition. Other Tea Tree Bay Ltd also spend $5,000 as the installation cost. Testing cost was associated $2,500. Transportation cost for the machine was 5700. costs During rst year of operation, the company paid $650 as the maintenance cost for the machine. Required: a] Calculate the acquisition cost of the Gizmo Machine that will be used as the base for future depreciation charge. [3 marks] bi Provide the journal entries that would appear in Tea Tree Bay Ltd's books to account for the acquisition of the Gizmo Machine. [5 marks) c) Will the maintenance cost be included in the acquisition cost of the machine? Justify your answer. [2 marks, maximum 100 words]