Calibri Light $..$

$11$

$f_x$

B$21$

A

B

Question: Capital Assets $(12$ marks$)$

Drive by Burger Company purchased and installed electronic payment equipment at its drive$-$thru restaurant at the

$3$ beginning of the year. The equipment is expected to process payments over its three year useful life. Purchase price, residual value, and the number of expected payments to be processed is shown below.

$4$

$\backslash$table$[[$Purchase Price,$$,27,000],[$Residual value,$$,1,500],[$Estimated useful life $-$ years,,$3],[$Estimated useful life $-$ # of payments,$255,000,]]$

$9$

$10$ Actual payments processed each year were:

$\backslash$table$[[112023,61,200],[12024,140,250],[132025,53,550]]$

$4$

Required:

How much depreciation expense should the company record in each of $2023$ to $2025$ under each depreciation method: straight$-$line, units of production, and double diminishing balance? ROUND ALL RATES TO $2$ DECIMALS.

Double Diminishing

Production Rate

Rate

$0\mathrm{.}10$