wgen.wileyprus.com WileyPLUS: My WileyPLUS Help Contact Us | Log Out LUS Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 PRINCIPLES OF ACCOUNTING I (ACCT 1110) Practice Assignment Gradebook ORION Downloadable eTextbook Assignment FULL SCREEN PRINTER VERSION BACK NEXT RCES Problem 9 3A Payne Company purchased equipment on account on September 3, 2019, at an invoice price of $210,000. On September 4, 2019, it paid $4,400 for delivery of the equipment. A one year, $1,975 insurance policy on the equipment was purchased on September 6, 2019. On September 20, 2019, Payne paid $5,600 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019. Payne estimates that the equipment's useful life will be four years, with a residual value of $15,000. It also estimates that, in terms of activity, the equipment's useful life will be 82,000 units. Payne has a September 30 fiscal year end. Assume that actual usage is as follows: w of Units Year Ended September 30 16,750 2020 27,600 2021 22,200 2022 16,350 2023 tudy Your answer is correct Determine the cost of the equipment, Cost of equipment S 220000 SHOW SITION LINK TO TEXT El Your answer is partido correct. Try again B2.00-2020 in Wiley Inc. All Rights Reserved A Dyson for WIEN W