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fine depreciation expense, accumulted depreciation, and book value for year 2 using double declining balance Sonic Corporation purchased and installed electronic payment equipment at its
fine depreciation expense, accumulted depreciation, and book value for year 2 using double declining balance
Sonic Corporation purchased and installed electronic payment equipment at its dive-in restaurants in San Marcos, TX, at a cost of $40,500. The equipment has an estimated residual value of $2,700. The equipment is expected to process 268,000 payments over its three-year useful life. Per year, expected payment transactions are 64,320 , year 1,147,400, year 2 and 56,280 , year 3 . Required: Complete a depreciation schedule for each of the altemative methods. 1. Straight-tine. 2. Units-of-production 3. Double-declining balance Complete this question by entering your answers in the tabs below. Complete a deprediation schedule for the double-doclining balance method. (Do not round intermediate calculations.) Step by Step Solution
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