E9-7 Computing Depreciation under Alternative Methods [LO 9-3] Tails 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. (Do not round intermediate calculations.) 1. Straight-line. Income Statement Balance Sheet Depreciation Expense Accumulated Depreciation Book Value Year Cost At acquisition 2. Units-of-production. Income Statement Balance Sheet Accumulated Depreciation Expense Year Cost Depreciation Book Value At acquisition