Costs of Acquiring Fixed AssetsMelinda Stoffers owns and operates ABC Print Co. During February, ABC Print Co. incurred the following costs (1-12 below) in acquiring two printing presses. One printing press was new, and the other was bought from a business that recently filed for bankruptcy.a. Indicate which costs incurred in acquiring the new printing press (1-6 below) should be debited to the asset account.Item Debited to asset account1. Fee paid to factory representative for installation Yes or No2. Freight Yes or No3. Insurance while in transit Yes or No4. New parts to replace those damaged in unloading Yes or No5. Sales tax on purchase price Yes or No6. Special foundation Yes or Nob. Indicate which costs incurred in acquiring the used printing press (7-12 below) should be debited to the asset account.Item Debited to asset account7. Fees paid to attorney to review purchase agreement Yes or No8. Freight Yes or No9. Installation Yes or No10. Repair of damage incurred in reconditioning the press Yes or No11. Replacement of worn-out parts Yes or No12. Vandalism repairs during installation Yes or No