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Marvin's Machines purchases Equipment with a Cost of $80,000.00 on Jan 1, 2019. They paid delivery costs of $2,500 and Installation Costs of $1,000.00. The

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Marvin's Machines purchases Equipment with a Cost of $80,000.00 on Jan 1, 2019. They paid delivery costs of $2,500 and Installation Costs of $1,000.00. The Equipment has a S2,000.00 Salvage value and a 4 Year useful life. During 2019 Devin paid $1,000.00 in additional maintenance and repair costs. 1. Required: What is the Total Cost of the Equipment? Prepare and record the annual Depreciation Using Straight-Line Depreciation Method for 2019? (1 entry for the year) What is the Carrying Value or Book Value of the Equipment on December 31, 2019 a. b. c

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