Metlock Ltd, purchased, for cash, factory equipment with an invoice price of $84,000, Other costs incurred were freight costs, $2,000; installation wiring and focindation, $13,900; material and labour costs in testing equipment, $900; oil lubricants and supplies to be used whlle operating the equipment, \$1,150; and fure insurance policy covering equipment, \$1,800, The equipment is estimated to have a $14,000 residual value at the end of its eight-year useful service life. (a) Calculate the cost of the equipment. Cott of the equipment : $