Question: E 9 - 9 ( Algo ) Computing Depreciation under Alternative Methods [ LO 9 - 3 ] Sonic Corporation purchased and installed electronic payment

E9-9(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.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Complete this question by entering your answers in the tabs below.
Required 1
Complete a depreciation schedule for the straight-line method. (Do not round intermediate calculations.) E9-9(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 ol \(\$ 37,800\). The equipment has an estimated residual value of \(\$ 2,400\). The equipment is expected to process 261,000 payments ove 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.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Complete a depreciation schedule for the units-of-production method. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) E9-9(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.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Complete this question by entering your answers in the tabs below.
Required 2
Required 3
Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations.)
E 9 - 9 ( Algo ) Computing Depreciation under

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