Wildhorse Company purchased equipment on account on September 3, 2019, at an invoice price of $201.000. On September 4. 2019, it paid $5.400 for delivery of the equipment A one-year. $2,000 insurance policy on the equipment was purchased on September 6, 2019. on September 20, 2019, Wildhorse paid $2,600 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019. Wildhorse estimates that the equipment's useful life will be four years, with a residual value of $16,500. It also estimates that, in terms of activity, the equipment's useful life will be 96.250 units. Wildhorse has a September 30 fiscal year end. Assume that actual usage is as follows: # of Units 15.610 23,910 20.210 37.420 Year Ended September 30 2020 2021 2022 2023 Determine the cost of the equipment Cost of equipment 5 Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. 2. straight-line double diminishing-balance units-of-production 3. (Round depreciable amount per unit to 2 decimal places, eg. 5.27 and the final answers to O decimal places, eg. 5,276) 1. STRAIGHT-LINE DEPRECIATION Year Depreciable Amount Depr. Rate Depr. Expense Act DI 2020 2021 2022 2023 Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. 2. 3. straight-line double diminishing-balance units-of-production (Round depreciable amount per unit to 2 decimal places, es 5.27 and the final answers to decimal places, es 5,276) 1. STRAIGHT-LINE DEPRECIATION End of Year Depr. Rate Depr. Expense Accum Depr Carrying Amount % $ $ $ 2. DOUBLE DIMINISHING-BALANCE DEPRECIATION Year Carrying Amount Beginning Of Year Depr. Rate Depr. Expense 2020 $ % % 2021 2022 96 2023 % 3. UNITS-OF-PRODUCTION Year Units of Production Depr. Amt/Unit Depr Expense Accu Dep 2020 2021 2022 Depr. Rate Depr. Expense Accum. Depr. Carrying Amount % $ $ % % 56 3. UNITS-OF-PRODUCTION End of Year Depr. Amt/Unit Depr. Expense Accum. Depr Carrying Amount Question 2 of 6 - /20 e Textbook and Media Which method would result in the highest profit for the year ended September 30, 2021' Over the life of the asset method would result in the highest profit for the year ended September 30,2021. Over the 80 eTextbook and Media Attempts of used SA 0 8 R o H K K L Du B N M