Problem 7-2A Determine the acquisition cost of equipment (L07-1) Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a discount for $683.000. Great Harvest incurred and paid freight costs of $26.500, and its employees ran special electrical connections to the ovens at a cost of $3.300. Labor costs were $29,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $3,300. Great Harvest then consumed $870 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1.470 and placed the machines in operation. Required: 1. Complete the following schedule to show the amount at which the ovens should be recorded in Great Harvest's Equipment account. Total equipment 2. Indicate where any amounts not included in the Equipment account should be recorded. 5 1.2 points Required Information Exercise 7-11A Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.] Speedy Delivery Company purchases a delivery van for $37.600. Speedy estimates that at the end of its four-year service life, the van will be worth $5,800. During the four-year period, the company expects to drive the van 159.000 miles. Actual miles driven each year were 42.000 miles in year 1 and 45.000 miles in year 2. eBook Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your Intermedlate calculations.) References Exercise 7-11A Part 2 2. Double-declining-balance, Year Annual Depreciation 1 2