) A machine now in use was purchased four years ago at a cost of $30000.It has a book value of $8801.

1.) A machine now in use was purchased four years ago at a cost of ​$30000.It has a book value of ​$8801.It can be sold for ​$10000​,but it could be used for three more​ years, at the end of which​ time, it would have no salvage value. What is the current amount of economic depreciation for this​ asset?

The amount of economic depreciation is _____________ ​(Round to the nearest​ dollar.)

2.) To automate one of its production​ processes, the Milwaukee Corporation bought four  flexible manufacturing cells at a price of ​$530000  each. When they were​ delivered, Milwaukee paid freight charges of ​$21000  and handling fees of ​$17000 . Site preparation for these cells cost ​$35000 . Six  ​foremen, each earning ​$16 an​ hour, worked five​ 40-hour weeks to set up and test the manufacturing cells. Special wiring and other materials applicable to the new manufacturing cells cost ​$4200 . Determine the cost basis​ (amount to be​ capitalized) for these cells.

The cost basis for these cells is $_____________ ​(Round to the nearest​ dollar.)