On January 1, 2015, Dome Inc. acquired production equipment in the amount of GH$250,000. The following further costs were incurred: GH Delivery 18,000 Installation 24,500 General Administrative cost of an indirect nature 3,000 The installation and setting-up period took 3 months, and a further amount of GH21,000 was spent on costs directly related to bringing the asset to its working condition. The equipment was ready for use on 1 April 2015. Monthly managerial reports indicated that for the first 5 months, the production quantities from this equipment resulted in an initial operating loss of GH15,000 because of small quantities produced. The months thereafter show much more positive results. The equipment has an estimated useful life of 14 years and a residual value of GH18,000. Estimated dismantling costs amount to GH12,500. What is the cost of the asset and what are the annual charges in the income statement related to the consumption of the economic benefits embodied in the assets