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accum depr. and carrying amount tables are cut off on the right Wildhorse Company purchased equipment on account on September 3, 2019, at an invoice

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Wildhorse Company purchased equipment on account on September 3, 2019, at an invoice price of $201.000. On September 4 2019. It paid $5.400 for delivery of the equipment. A one-year, $2,000 insurance policy on the equipment was purchased on September 6, 2019. on September 20, 2019, Wildhorse paid $2,600 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 $16,500. It also estimates that, in terms of activity, the equipment's useful life will be 96,250 units. Wildhorse has a September 30 fiscal year end. Assume that actual usage is as follows: #of Units Year Ended September 30 15.610 2020 23,910 2021 20.210 2022 37420 2023 (a) Your answer is correct Determine the cost of the equipment, Cost of equipment 209000 Prepare depreciation schedules for the life of the asset under the following depreciation methods 1 straight-line 2 double diminishing-balance 3 units of production (Round depreciable amount per unit to 2 decimal places, eg: 5.27 and the final answers to decimal places es 5.276) 1. STRAIGHT-LINE DEPRECIATION Year Depreciable Amount Depe Rate Depr. Expense Accum Depr 2020 $ 2021 2022 2023 2.DOUBLE DIMINISHING-BALANCE DEPRECIATION Year Carrying amount Beginning Of Year Depr . Rato Depr Expense Accum Depr 2020 5 2021 2022 2023

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