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, TX,
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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 $56,700. The equipment has an estimated residual value of $3,000. The equipment is expected to process 264,000 payments over its three-year useful life. Per year, expected payment transactions are 63,360, year 1; 145,200, year 2; and 55,440, 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 straight-line method. (Do not round intermediate calculations.) Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition
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