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10. Yocum Company purchased equipment on January 1 at a list price of $50,000, with credit terms 2/10, 1/30. Payment was made within the discount period and Yocum was given a $1,000 cash discount. Yocum paid $2,500 sales tax on the equipment, and paid installation charges of $880. Prior to installation, Yocum paid $2,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? A) $52,380 bolos B) $54,380 C) $55,380 D) $50,500 bollood banood 11. Equipment was purchased for $75,000. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be A) $17,700. B) $14,700. oblid bolo h C) $12,300. 00 D) $12,000