Ivanhoe Company purchased cquipment on account on September 3,2019 , at an iewaice price of $194 coo. On Septemine 4.20$9. it paid $3.900 for dellvery of the equiprment. A one-year. $1.955 insurance policy on the equitient waspurchased on Shember 6 . 2019. OnSeptember 20.2019, Ivanhoe paid $4,100 for installatien atsd testing of the equipment. The equipment was reaxy for we on October 1, 2019. Ivanhoe estimates that the equipment's useful life will be four years, with a residalalue of $13,000. it alioestimates that, in terim of activity, the equipment's useful life will be 75.600 units. Ivanhoe has a September 30 fiscal vear end Assume that actualicageis as follows: Determine the cost of the equipment. Cost of equipment $ Betermine the cost of the equipment. Cont of equipment 5 eTextbook and Media Prepare depreciatien schedules for the lief of the inset urper the foffowing depreciation methodn: 1. straight-line 2. double diminishing balance 3. units-of production 1. 5TRAIGHTHUNE DIPRECIATION 2. DOUBLE DIMINISHING-BALANCE DEPRECIATION 2. DOUELEDIMINISHING-BALANCY OEPRECIATIOH 3. UNITSOOF PRODUCTION Which method would result in the highest proft for the year ended Sepeember 30.2021 ? Over the the of the asset? method would result in the Naguest profit bor the year enged 5 ptember 30,2021 . Over the ine ot