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s Machines purchases Equipment with a Cost of $80,000.00 on Jan 1, 1. Marvin's 9. They paid delivery costs of $2,500 and Installation Costs of

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s Machines purchases Equipment with a Cost of $80,000.00 on Jan 1, 1. Marvin's 9. They paid delivery costs of $2,500 and Installation Costs of $1,000.00. The Equipment has a $2,000.00 Salvage value and a 4 Year useful life. During 2019 Devin paid S1,000.00 in additional maintenance and repair costs. Required a. What is the Total Cost of the Equipment? b. Prepare and record the annual Depreciation Using Straight-Line Depreciation Method for 2019? (1 entry for the year) c. What is the Carrying Value or Book Value of the Equipment on December 31, 2019

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