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Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $43,200. The equipment has an
Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $43,200. The equipment has an estimated residual value of $1,500. The equipment is expected to process 272,000 payments over its three-year useful life. Per year, expected payment transactions are 65,280, year 1: 149,600. year 2 and 57120, 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 5 $ 43,200 $ ***** 13.900 13.900 13,900 2 $ 5 43,200 3 $ 13,900 $ 43,200 Required 2 >
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