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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,
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 $32,400. The equipment has an estimated residual value of $1,500. The equipment is expected to process 258,000 payments over its three year useful life. Per year, expected payment transactions are 61,920 , year 1;141,900, year 2, and 54,180 , year 3 : Required: Complete a depreciation schedule for each of the alternative methods. 1. Straight-fine. 2. Units-of-production, 3. Double dectining balance. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the units-of-production method. (Do not round intermediate calculationa. Rusund final answers to the nearest whole dollar) 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, IX, at a cost of $32,400, The equipment has an estimated residual value of $1,500. The equipment is expected to process 258.000 payments over its three-year useful life Per year expected payment transactions are 61,920 , year 1,141,900, year 2 , and 54580 , year 3 Required: Complete a depreciation schedule for each of the alternative methods. 1. Straight-tine. 2. Units-of-production: 3. Double-decining-balance. Complete this question by entering your answers in the tabs below
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