Question: 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
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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 $59,400. The equipment has an estimated residual value of $2,700. The equipment is expected to process 262,000 payments over its three-year useful life. Per year, expected payment transactions are 62,880, year 1 144,100, year 2; and 55,020, year 3. Required: Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) 1. Straight-line come Statement Balance Sheet Depreciation Expense Accumulated Book Value Depreciation Year Cost At acquisition 2. Units-of-production. come Statement Balance Sheet Depreciation Cost epreciation Accumulated Book Value Year Expense At acquisition 3. Double-declining-balance come Statement Balance Sheet Depreciation Expense Accumulated Depreciation Year Cost Book Value At acquisition
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