The Harris Foundry Company purchased new casting equipment in 2018 at a cost of $190,000. Harris also paid $25,000 to have the equipment delivered and installed. The casting machine has an estimated useful life of 10 years, but it will be depreciated with MACRS over its seven-year class life. (10 points) a) What is the cost basis of the casting equipment? b) What will be the depreciation allowance in each year of the seven-year class life of the casting equipment