Dobler Company purchased factory equipment with an invoice priceof $60000. Other

Dobler Company purchased factory equipment with an invoice priceof $60000. Other costs incurred were freight costs $1300;installation wiring and foundation $2200; material and laborcosts in testing equipment $700; oil lubricants and supplies to beused with equipment is estimated to have a $5000 salvage value atthe end of its 10-year useful service life.