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,


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 $59,400. The equipment has an estimated residual value of $2.700. The equipment is expected to process 262.000 payments over its threeyear 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. 1. Straight-line. 2. Units-of-production. 3. Double-decining-balance. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the-straight line method. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the units-of-production method. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) 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 $59,400. The equipment has an estimated residual value of $2,700. The equipment is expected to process 262,000 payments ove 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. 1. Straight-line. 2. Units-of-production. 3. Double-declining-balance. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the double-declining -balance method. (Do not round intermediate calculations.)
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