Ch9 Graded Online Assignment X W NWP Assessment Player UI Appli X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=d438c74f-62do-4a86-80eb-aa66ebec6060#/question/0 Ch9 Graded Online Assignment Question 1 of 9 - 12 5 Current Attempt in Progress Sheridan Enterprises purchased equipment on March 15, 2021, for $74,240. The company so paid the following amounts: $520 for freight charges; $183 for insurance while the equipment was in transit; $1,902 for a one-year insurance policy; $1,996 to train employees to use the new equipment; and $2,577 for testing and installation. The company began to use the equipment on April 1. Sheridan 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 $ e Textbook and Media Q Search 7:23 PM 3/19/2023 DII prt sc home end insert delete F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 % backs N 3 5 8 W E R Y U O P