Question 2 of 6 -/20 E View Policies Current Attempt in Progress Pharoah Company purchased equipment on account on September 3, 2019, at an Invoice price of $185,000. On September 4, 2019, it pald $4,200 for delivery of the equipment. A one-year $1.920 Insurance policy on the equipment was purchased on September 6, 2019. on September 20, 2019, Pharoah paid $3,800 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019 Pharoah estimates that the equipment's useful life will be four years, with a residual value of $8.500. It also estimates that, in terms of activity, the equipment's useful life will be 92.250 units. Pharoah has a September 30 fiscal year end. Assume that actual usage is as follows: # of Units Year Ended September 30 15,450 2020 23,750 2021 20.050 2022 33.900 2023 Determine the cost of the equipment Cost of eculment Question 2 of 6 -720 Prepare depreciation schedules for the life of the asset under the following depreciation methods. 1. straight-line 2 double diminishing balance 3. units of production (Round depreciable amount per unit to 2 decimal places, 527 and the final answers to decimal places es. 5.276) 1. STRAIGHT-LINE DEPRECIATION Year Depreciable Amount Depr Rate Depr Expense D 2020 $ 2021 2022 Question 2 of 6 - /20 Year VW Production Amt/Unit Expense Des 2020 $ 2021 2022 2023 Which method would result in the highest profit for the year ended September 30, 20217 Over the life of the asset? method would result in the highest proht for the year ended September 30, 2021. Over the life 3 Attempts of used Submit Anwar