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On July 1, 2021, Hines Co. purchased 10 computers with an invoice price of $50,000. Other costs incurred were sales tax $2,100, Freight $300, installation of $2,300, testing of $300, prepaid insurance to cover the computers; $3,600. The computers are estimated to have a 5- year life and $5,000 salvage value, Instructions: a. Find the cost of the new computers. A/ On July 1, 2021, Hines Co. purchased 10 computers with an invoice price of $50,000. Other costs incurred were sales tax $2,100, Freight $300, installation of $2,300, testing of $300, prepaid insurance to cover the computers; $3,600. The computers are estimated to have a 5- year life and $5,000 salvage value. Instructions: b. What is depreciation for 2021 if the company uses straight-line depreciation? 2021 On July 1, 2021, Hines Co purchased 10 computers with an invoice price of $50.000. Other costs incurred were sales tax $2,100, Freight $300, installation of $2,300, testing or $300, prepaid insurance to cover the computers, $3,600. The computers are estimated to have a 5 year life and $5,000 salvage value. Instructions: c. What is Book Value at the end of 2023 if the company uses straight-line depreciation? costs incurred were sales tax $2,100, Freight $300, installation of $2,300, testing of $300, prepaid insurance to cover the computers; $3,600. The computers are estimated to have a 5- year life and $5,000 salvage value. Instructions: c. What is Book Value at the end of 2023 if the company uses straight-line depreciation? 2023 A/

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