Question 1 of 9 View Policies Show Attempt History Current Attempt in Progress 0/2 Blossom Enterprises purchased equipment on March 15, 2021, for $72,340. The company also paid the following amounts: $510 for freight charges; $215 for insurance while the equipment was in transit; $1,677 for a one-year insurance policy; $2,130 to train employees to use the new equipment; and $2,935 for testing and installation. The company began to use the equipment on April 1. Blossom has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) Your answer is incorrect. Calculate the cost of the equipment. Cost of the equipment eTextbook and Media Save for Later $ Attempts: 1 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.