Question

Sonic Corporation purchased and installed electronic payment equipment at its drive- in restaurants in San Marcos, TX, at a cost of $ 27,000. The equipment has an estimated residual value of $ 1,500. The equipment is expected to process 255,000 payments over its three- year useful life. Per year, expected payment transactions are 61,200, year 1; 140,250, year 2; and 53,550, year 3.
Required:
Complete a depreciation schedule for each of the alternative methods. 1. Straight- line. 2. Units- of- production. 3. Double- declining- balance.


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  • CreatedNovember 02, 2015
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