find accuistion book value first box

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-line 2. Units-of-production 3. 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 straight-line method. (Do not round intermediate calculations.) Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 $ $ $ 2 3 10,300 $ 10,300 $ 10,300 $ 32,400 32.400 s 32,400 5 10,300 $ 20,600 $ 30,900 $ 22.100 11,800 1,500 $ Required information {The following information applies to the questions displayed below.) At the beginning of the year, Mitt Corporation bought machinery, shelving, and a forklift. The machinery initially cost $30,800 but had to be overhauled (at a cost of $2,240) before it could be installed (at a cost of $1,120) and finally put into use. The machinery's total life was estimated as 40,000 hours, with an estimated residual value of $1,000. The machinery was actually used 5,000 hours in year 1 and 7,000 hours in year 2. Repair costs were $480 in each year. The shelving cost $9.950 and was expected to last 5 years, with a residual value of $730. The forklift cost $16,650 and was expected to last six years, with a residual value of $2,260. 2. Compute year 2 units-of-production depreciation expense for the machinery. (Do not round intermediate calculations.) Year 2 units of production depreciation expense Required information [The following information applies to the questions displayed below) At the beginning of the year, Mitt Corporation bought machinery, shelving, and a forklift . The machinery initially cost $30,800 but had to be overhauled (at a cost of $2,240) before it could be installed (at a cost of $1,120) and finally put into use. The machinery's total life was estimated as 40.000 hours, with an estimated residual value of $1,000. The machinery was actually used 5,000 hours in year 1 and 7.000 hours in year 2. Repair costs were $480 in each year. The shelving cost $9,950 and was expected to last 5 years, with a residual value of $730. The forklift cost $16,650 and was expected to last six years, with a residual value of $2,260. 3. Prepare the journal entry to record year 2 depreciation expense for the machinery. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction Debit Credit A 1 General Journal Depreciation Expense Accumulated Depreciation, Machinery