Sandhill Company purchased equipment on account on September 3,2022 , at an invoice price of $189,000. On September 4, 2022, it paid $4,600 for delivery of the equipment. A one-year, \$1,940 insurance policy on the equipment was purchased on September 6, 2022. On September 20, 2022, Sandhill paid $3,400 for installation and testing of the equipment. The equipment was ready for use on October 1, 2022. Sandhill 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 91,750 units. Sandhill has a September 30 fiscal year end. Assume that actual usage is as follows: Determine the cost of the equipment. Prepare depreciation schedules for the life of the asset under the following depreciation methods: (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to 0 decimal places, e.g. 5,276. 1. STRAIGHT-LINE ? I IRI EINAINIGHINIE- 3 IINITG-OF-DROMI ICTION Which method would result in the highest profit for the year ended September 30, 2024? Which method would result in the highest profit over the life of the asset