Question: 4 E9-7 Computing Depreciation under Alternative Methods (LO 9-3] points Sonic Corporation purchased and installed electronic payment equipment at its drive-In restaurants in San Marcos,
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4 E9-7 Computing Depreciation under Alternative Methods (LO 9-3] points 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 ook 1. Straight-line 2 Units-of-production 3. Double-declining balance. Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Complete a depreciation schedule for Straight-line method. Do not round intermediate calculations.) Income Statement Depreciation Expense Balance Sheet Accumulated Book Value Accumulated Depreciation Year Cost et At acquisition
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