Question: 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,
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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 $32.400. The equipment has an estimated residual value of $1,500. The equipment is expected to process 258,000 payments over its three-year useful life. Per year, expected payment transactions are 61,920, year 1; 141,900, year 2; and 54,180, year 3. Required: Complete a depreciation schedule for each of the alternative methods. 1. Straight-line. 2. Units-of-production. 3. Double-declining-balance. Required 1 Required 2 Required 3 Complete a depreciation schedule for the straight-line method. (Do not round intermediate calculations.) Income Statement Balance Sheet Year Depreciation Expense Accumulated Cost Book Value Depreciation At acquisition 1 2 3 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) Year Income. Statement Depreciation Expense Balance Sheet Cost Accumulated Depreciation. Book Value At acquisition 1 2 3 < Required 1 Required 3> Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete a depreciation schedule for the double-declining-balance method. (Do not round intermed Income Statement Balance Sheet Year Depreciation Expense Accumulated Cost Book Value Depreciation At acquisition 1 2 3
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