Tamarisk Ltd. purchased, for cash, factory equipment with an imvoice price of $90,000. Other costs incurred were freight costs. $2,600; installation, wiring and foundation, $, 4,500 ; material and labour costs in testing equipment, $1,500; oil lubricants and supplies to be used while operating the equipitient, $1,750; and fire insurance policy covering equipment, $2,400. The equipment is estimated to have a $20,000 residual value at the end of its eight-year useful servicelife. (a) Calculate the cost of the equigment. Cost of the equipment List of Accounts Attempts: 0 of 1 used