Question
E9-7 Computing Depreciation under Alternative Methods [LO 9-3] Sushi Corp. purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at
E9-7 Computing Depreciation under Alternative Methods [LO 9-3]
Sushi Corp. purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $40,500. The equipment has an estimated residual value of $2,100. The equipment is expected to process 265,000 payments over its three-year useful life. Per year, expected payment transactions are 63,600, year 1; 145,750, year 2; and 55,650, year 3.
Required:
Complete a depreciation schedule for each of the alternative methods.
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Straight-line.
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Units-of-production.
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Double-declining-balance.
Please help with Part 3! Thanks.
Required 1 Required 2 Required 3 Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations.) Income Statement Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 $ 45,500 2 45,500 45,500 3 38,400 2,100
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