Question: 14 0.52 points E9-7 Computing Depreciation under Alternative Methods [LO 9-3] Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San
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14 0.52 points E9-7 Computing Depreciation under Alternative Methods [LO 9-3] Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Maroos, TX, at a cost of $27,000. The equipment has an estimated residual value of $1 equipment is expected to process 255,000 payments over its three-year useful life. Per payment transactions are 61,200, year 1; 140,250, year 2, and 53,550, year 3. year, expected Required: calculations.) 1. Straight-line. e a depreciation schedule for each of the alternative methods. (Do not round intormediate Income Statement Balance Shoot Depreciation Expense Year Cost Accumulated Depreciation Book Value 2 2. Units-of-production. Balance Sheet Statement Depreciation Expense Cost Accumulated Year Depreciation Book Value At acquisition 3. Double-declining-balance. ncome Statemen Balance Sheet Depreciation Expense Year Cost Depreciation Book Value At acquisition 2
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