0/10 View Policies Show Attempt History Current Attempt in Progress Wildhorse Company purchased equipment on account on September 3, 2019, at an invoice price of $190,000. On September 4, 2019. it paid $4,700 for delivery of the equipment. A one-year $1,945 insurance policy on the equipment was purchased on September 6, 2019. On September 20, 2019, Wildhorse paid $3,300 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019. Wildhorse estimates that the equipment's useful life will be four years, with a residual value of $11,000. It also estimates that in terms of activity, the equipment's useful life will be 74,800 units. Wildhorse has a September 30 fiscal year end. Assume that actual usage is as follows: # of Units Year Ended September 30 15.500 2020 23.800 2021 20.100 2022 16.300 2023 16:41 ENG (a) Your answer is incorrect. Determine the cost of the equipment. Cost of equipment $ e Textbook and Media Save for Later Last saved 1 day ago