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Sonic Corporation purchased and instafied elect70nic payment equipment at its drive-in restaurants in San Marcos, TX at a cost of $54,000. This equipment has an estimated residual value of $3000. The equipment is expected to process 255,000 payments over its three year useful life. Per year, expected payment transactions are 61,200 in year #1; 2 and SS! 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Strai ht Line Method Income Statement Depreciation ense Year Year #1 Year #2 Year #3 Year Year #1 Year #2 Year #3 Year Year #1 Year #2 Year #3 Com Com Com utation utation Cost Units o Production Method Income Statement Depreciation ense Cost Balance Sheet Accumulated D reciation Balance Sheet Accumulated De reciation Book Value Book Value Double Declinin Balance Method utation Income Statement Depreciation ense Cost Balance Sheet Accumulated De reciation Book Value Sheetl Select destination and press ENTER or choose Paste