Oriole Company purchased equipment on account on September 3, 2019, at an invoice price of $195,000. On September 4, 2019, it paid $4,800 for delivery of the equipment. A one-year, $1,970 insurance policy on the equipment was purchased on September 6, 2019. On September 20, 2019, Oriole paid $3,200 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019.

Oriole estimates that the equipment's useful life will be four years, with a residual value of $13,500. It also estimates that, in terms of activity, the equipment's useful life will be 94,750 units. Oriole has a September 30 fiscal year end. Assume that actual usage is as follows:

# of Units Year Ended September 30 15,550 2020 23,850 2021 20,150 2022 36,100 2023

1. STRAIGHT-LINE

2. DOUBLE DIMINISHING BALANCE

3. UNITS OF PRODUCTION