Current Attempt in ProgressSunland Company purchased equipment on account on September $3,2022,$ at an invoice price of $$187,000.$ On September $4,2022,$ itpaid $$4,400$ for delivery of the equipment. A one$-$year, $$1,930$ insurance policy on the equipment was purchased on September $6,2022.$ On September $20,2022,$ Sunland paid $$3,600$ for installation and testing of the equipment. The equipment was ready for use onOctober $1,2022.$Sunland estimates that the equipment's useful life will be four years, with a residual value of $$15,500.$ It also estimates that, in termsof activity, the equipment's useful life will be $89,750$ units. Sunland has a September $30$ fiscal year end. Assume that actual usage is asfollows:# of Units$15,47023,77020,07031,340$Year Ended September $3020232024202520261.$ Determin the cost of the Eqipment $2.$ Prepare depreciation schedulesFor the life of the asset using the following depreciation method a$.$ Straight line b$.$ Double diminishing balance $,$ assuming a rate of $50\%$ c$.$ Unit of production $.$