Question 2 of 5 - / 10 View Policies Current Attempt in Progress Ivanhoe Company purchased equipment on account on September 3, 2019, at an invoice price of $183,000. On September 4, 201 it paid $4,000 for delivery of the equipment. A one-year $1.910 insurance policy on the equipment was purchased on September 2019. On September 20, 2019, Ivanhoe paid $4,000 for installation and testing of the equipment. The equipment was ready for us on October 1, 2019 Ivanhoe estimates that the equipment's useful life will be four years, with a residual value of $7.500. It also estimates that, in term of activity, the equipment's useful life will be 91,750 units. Ivanhoe has a September 30 fiscal year end. Assume that actual usage la as follows: # of Units 15,430 23,730 20.030 Year Ended September 30 2020 2021 2022 2023 33.460