QUIZ ? _ ACCT ZZO GOOD Principle = of Accounting LIZTEZ! Somerset Company acquired a piece of equipment with a list price of $20 0.000 for $150.000. Freight to Somerset's location was $5. 000. Installation and testing costs were DID.SOO. An old piece of Equipment was scrapped as a result of this new purchase . The old piece of Equipment had an undepreciated value ( net book value ) of $8.000 . The new piece of Equipment is expected to have a 10 year life and a salvage value of $15. 000 . What is the total value assigned to the new piece of Equipment ?" Your Answer*