Q2: Lee Company purchased an equipment at the beginning of year 2021. The equipment has an estimated useful-life of 5 years. An accountant presented the table below for this equipment using three different methods: (1) the straight-line method, (2) the activity method, and (3) the double-declining-balance method. Straight-Line Activity Method Double-Declining-Balance 18,000 40,000 18,000 24,000 18,000 14,400 18,000 8,640 18,000 2,960 90,000 90,000 Based on the correct figures above, answer the following: a. What is the cost amount of this equipment? b. What is the residual value for this equipment? Year 2021 2022 2023 2024 2025 Total 30,000 24,000 18,000 12,000 6,000 90,000 c. Which method will produce the highest charge to income in year 2021? d. Which method will produce the highest charge to income (expenses) in year 2024? e. Which method will produce the highest book value for the equipment at the end of year 2023?