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E 9 - 9 ( Algo ) Computing Depreciation under Alternative Methods [ LO 9 - 3 ] Sonic Corporation purchased and installed electronic payment

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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 $45,900. The equipment has an estimated residual value of $1,800. The equipment is expected to process 273,000 payments over its three-year useful life. Per year, expected payment transactions are 65,520, year 1; 150,150, year 2; and 57,330, year 3.
Required:
Complete a depreciation schedule for each of the alternative methods.
Straight-line.
Units-of-production.
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 double-declining-balance method. (Do not round intermediate calculations.)
\table[[Year,\table[[Income],[Statement]],Balance Sheet],[\table[[Depreciation],[Expense]],Cost,\table[[Accumulated],[Depreciation]],Book Value],[At acquisition,,,,],[1,,,,],[2,,,,],[3,,,,]]
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