Wisconsin Company purchased factory equipment with an invoice price of $80,000. Other costs incurred were freight costs, $1,100; installation wiring and foundation, \$1,200; sales taxes, \$8,000; oil lubricants and supplies to be used with equipment, $700; fire insurance policy covering equipment, $1,100. The equipment is estimated to have a $3,000 salvage value at the end of its 5 -year useful service life. Compute the acquisition cost of the equipment. - When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. If the double-declining-balance method of depreciation was used, what would be the constant percentage applied to a declining book value? (Hint: 100% / estimated useful life 2 = Percentage applied to a double-declining-balance method)