Cullumber Company purchased equipment on account on September 3, 2022, at an invoice price of $182,000. On September 4,2022 . it paid $3,900 for delivery of the equipment. A one-year, $1,905 insurance policy on the equipment was purchased on September 6 , 2022. On September 20,2022 , Cullumber paid $4,100 for installation and testing of the equipment. The equipment was ready for use on October 1,2022 Cullumber estimates that the equipment's useful life will be four years, with a residual value of $17,000. It also estimates that, in terms of activity, the equipment's useful life will be 69,200 units. Cullumber has a September 30 fiscal year end. Assume that actual usage is as follows: Determine the cost of the equipment. Cost of equipment $ eTextbook and Media Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. Straight-line 2. double diminishing-balance, assuming a fate of 50% : 3. units-of-production 1STRAIGHT-LINE DEPRECIATION 1. STRAIGHT-LINE DEPRECIATION 2. DOUBLEDIMINISHING-BALANCE DEPRECIATION 2. DOUBLE DIMINISHING-BALANCE DEPRECIATION