Question: E9-9 (Static) 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 (Static) 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 $27,000. The equipment has an estimated residual value of $1,500. The equipment is expected to process 255,000 payments over its three-year useful life. Per year, expected payment transactions are 61,200, year 1:140,250, year 2; and 53,550 year 3. Required: Complete a depreciation schedule for each of the alternative methods 1. Straight-line 2. Units-of-production 3. Double-declining balance, hoes 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 calculation Year Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Cost Book Value s At acquisition 1 2 3 Required 2 > Required 1 Required 2 Required 3 Complete a depreciation schedule for the units-of-production method. (Do not round intermediate cal Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value 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 double-declining-balance method. (Do not round intermedia Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3
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