View Policies Current Attempt in Progress Sandhill Manufacturing Company purchased factory equipment with an invoice price of $79,000. Other costs incurred were freight costs, $1,090; installation wiring and foundation, $2,090; material and labor costs in testing equipment, $690; oil lubricants and supplies to be used with equipment, $490; fire insurance policy covering equipment, $1,390. The equipment is estimated to have a $6,000 salvage value at the end of its 8-year useful service life. (a) Compute the acquisition cost of the equipment. Acquisition cost of the equipment $ Save for Later Attempts: 0 of 2 used Submit Answer