Cullumber Company purchased equipment on account on September 3, 2019, at an invoice price of $182,000. On September 4, 2019, it paid $3,900 for delivery of the equipment. A one-year, $1,905 insurance policy on the equipment was purchased on September 6, 2019. On September 20, 2019, Cullumber paid $4,100 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019. Cullumber estimates that the equipment's useful life will be four years, with a residual value of $7,000. It also estimates that, in terms of activity, the equipment's useful life will be 73,200 units. Cullumber has a September 30 fiscal year end. Assume that actual usage is as follows:

# of Units		Year Ended September 30
15,420		2020
23,720		2021
20,020		2022
14,940		2023

Determine the cost of the equipment.

Cost of equipment

$

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

1. STRAIGHT-LINE DEPRECIATION

								End of Year
Year		Depreciable Amount		Depr. Rate		=	Depr. Expense	Accum. Depr.	Carrying Amount
2020		$			%		$	$	$
2021					%
2022					%
2023					%

2. DOUBLE DIMINISHING-BALANCE DEPRECIATION

									End of Year
Year		Carrying Amount Beginning Of Year		Depr. Rate		=	Depr. Expense		Accum. Depr.	Carrying Amount
2020		$			%		$		$	$
2021					%
2022					%
2023					%

3. UNITS-OF-PRODUCTION

								End of Year
Year		Units of Production		Depr. Amt/Unit	=	Depr. Expense		Accum. Depr.	Carrying Amount
2020				$		$		$	$
2021
2022
2023