Sunland Enterprises purchased equipment on March $15,2024,$ for $$76,110.$ The company also paid the following amounts: $$540$ for

freight charges; $$196$ for insurance while the equipment was in transit; $$1,673$ for a one$-$year insurance policy; $$1,937$ to train

employees to use the new equipment; and $$2,914$ for testing and installation. The company began to use the equipment on April $1.$

Sunland 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 $

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