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 $$24,300.$ The equipment has an estimated residual value of $$1,800.$ The equipment is expected to process $259,000$ payments over its three$-$year useful life. Per year, expected payment transactions are $62,160,$ year $1$; $142,450,$ year $2$; and $54,390,$ year $3.$

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Required:

Complete a depreciation schedule for each of the alternative methods.

Straight$-$line.

Units$-$of$-$production.

Double$-$declining$-$balance.