Carla Vista Enterprises purchased equipment on March 15, 2024, for $74,890. The company also paid the following amounts: $520 for freight charges; $214 for insurance while the equipment was in transit; $1,823 for a one-year insurance policy; $2,085 to train employees to use the new equipment; and $2,536 for testing and installation. The company began to use the equipment on April 1. Carla Vista has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) Calculate the cost of the equipment. Cost of the equipment $ eTextbook and Media Attempts: 2 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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