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14 value: .00 points E9-7 Computing Depreciation under Alternative Methods [LO 9-3] Tails Corporation purchased and installed electronic payment equipment at its drive-in restaurants in
14 value: .00 points 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 $21,600. The equipment has an estimated residual value of $1,200. The equipment is expected to process 256,000 payments over its three-year useful life. Per year, expected payment transactions are 61,440, year 1; 140,800, year 2; and 53,760, year 3. Required Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) . Straight-line. Income Statement Depreciation Expense Balance Sheet Accumulated Book Value Depreciation Year Cost At acquisition 2
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