P.3.3. LaBrant Company acquired an equipment at the beginning of year 1. Estimated useful life of the equipment is 5 years. Below are the depreciation schedules prepared by the company's accountant using three methods to compare the results: straight-line, sum-of-the-years'-digits, and double- declining-balance. Assuming these schedules are prepared correctly, answer the following questions. Year Straight-line Sum-of-the- Double-declining- years'-digits balance Annual depreciation 1 13,000.00 21,666.67 28,000.00 2 13,000.00 17,333.33 16,800.00 3 13,000.00 13,000.00 10,080.00 4 13,000.00 8,666.67 6,048.00 5 13,000.00 4,333.33 4,072.00 Total: 65,000.00 65,000.00 65,000.00 (a) What is the cost of this equipment? (b) What is the salvage value for this equipment, if any? (c) Which method results in the highest depreciation expense in year 1? (d) Which method results in the lowest depreciation expense in year 4? (e) Which method results in the highest book value at the of year 3? (f) If LaBrant Company decides to sell this equipment at the end of year 4, which method would result in the highest gain (or lowest loss) on disposal