XYZ company has decided to buy a Winding Machine. Immersive Reader The price of the machine is $80,000, as mentioned in the invoice and the sales tax is 5%. The manager of the company paid $6000 for the installation and $4000 for transportation. The interest charges on the loan which is used to acquire the asset is $6000 which is going paid during the year. The company has paid a testing fee of $6000. The asset's useful life is 5 years with a salvage value of $20000.

1.What is the cost of the Winding Machine?

2.What is the Depreciation expense using Straight-line Depreciation Method

3.What is the book value of an asset in 3rd year?

4.What is the Accumulated Deprictaion in 4th Year