E$9-9($Algo$)$ Computing Depreciation under Alternative Methods $[$LO $9-3]$

Sonic Corporation purchased and installed electronic payment equipment at its drive$-$in restaurants in San Marcos, TX$,$ at a cost of $$37,800.$ The equipment has an estimated residual value of $$2,400.$ The equipment is expected to process $261,000$ payments over its three$-$year useful life. Per year, expected payment transactions are $62,640,$ year $1$; $143,550,$ year $2$; and $54,810,$ year $3.$

Required:

Complete a depreciation schedule for each of the alternative methods.

Straight$-$line.

Units$-$of$-$production.

Double$-$declining$-$balance.