Question 6 Marigold Corp. purchased factory equipment with an invoice price of $81,000. Other costs incurred were freight costs, $1,450; Installation wiring and foundation, $2,020; material and labor costs in testing equipment, $710; oil lubricants and supplies to be used with equipment, $880; fire insurance policy covering equipment, $1,660. The equipment is estimated to have a $6,000 salvage value at the end of its 10-year useful service life. Compute the acquisition cost of the equipment. Acquisition cost of the equipments (Round answer to 1 decimal place, .g. 15.596) If the straight-line method of depreciation was used, the annual rate applied to the depreciable cost would be