Hi, I understand this may take a second but i greatly appreciate your time.

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Part 2:

H Company Ltd purchased factory equipment with an invoice price of $90,000. Other costs incurred were freight costs, $1,100; installation, wiring and foundation, $2,200; material and labour costs in testing equipment, $700; oil lubricants and supplies to be used with equipment, $500; fire insurance policy covering equipment, $1,400. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Compute the acquisition cost of the equipment. Clearly identify each element of cost. D Company Ltd purchased equipment on January 1, 2018 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Answer the following independent questions. 1. Compute the amount of depreciation expense for the year ended December 31, 2018, using the straight-line method of depreciation. 2. If 16,000 units of product are produced in 2018 and 24,000 units are produced in 2019, what is the book value of the equipment at December 31, 2019? The company uses the units-of- activity depreciation method. 3. If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated Depreciation-Equipment account at December 31, 2020