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Please answer required 1, 2, and 3 A company purchased and installed electronic payment equipment, at a cost of $24,300. The equipment has an estimated
Please answer required 1, 2, and 3
A company purchased and installed electronic payment equipment, at a cost of $24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its three-year useful life. Per year, expected payment transactions are 62,160 , year 1;142,450, year 2 ; and 54,390 , 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. Complete a depreciation schedule for Straight-line method. (Po not round intermediate calculations.) Complete a depreciation schedule for Units-of-production method. (Do not round intermedlate calculations,) Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations.) Step by Step Solution
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