Wat is the acquisition cost? ON JANUARY $2,2021,$ ATHOL COMPANY bought a macine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of $$2600.$ The company provided the following information:

$-$ invoice price of machine, $$82,000$

$-$ freight paid by the vendor per sales agreement, $$1000$

$-$ installation costs $$2400$ cash

$-$ cost of cleaning up the supplies, boxes and other garbage that remained after the installation of the machine, $$100.$

$-$ Payment of the machine$$s price was made as follows:

o January $2$:

$$ Issued $2000$ common shares of athol company at $$3\mathrm{.}50$ per share.

$$ Signed a $$45,000$ note payable due April $16,2021$ plus $8\%$ interest.

$$ Balance of the invoice price to be paid cash. The invoice allows for a $2\%$ cash discount if the cash payment is made by January $11.$

o January $15$: paid the balance of the invoice price in cash.

o April $16$: paid the note payable and interest in cash.

$-$ On June $30,2023,$ the company completed the replacement of a major part of the machine that $$18,575.$ This expenditure is expected to reduce the machines operating costs, increase its estimated useful life by two years, and decrease its estimated residual value to $$2000.$

$-$ Assume that on October $1,2028,$ the company decided to replace the machine with a newer, more efficient model. It then sold the machine to Sako Ltd$.$ On that date for $$30,000.$

What is the acquisition cost?