Question 15 1 pts New equipment was purchased with estimated useful life of 5 years at a cost of $175,000, installation of $21.000. freight charges $4,000 and salvage value estimated to be $25.000. In purchasing this new equipment, the previous machine was traded in which had an original cost of $180,000 and had accumulated depreciation of $144.000. The trade-in allowance was $21,000 at the time of the exchange. What should be the cost basis of the new equipment for tax depreciation purpose? 1 pts Question 16