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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 $51300. The equipment has an

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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 $51300. The equipment has an estimated residual value of $2.700. The equipment is expected to process 275,000 payments over its three-year useful life. Per year, expected payment transactions are 66,000 year 1,151,250, year 2, and 57750. 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 Complete a depreciation schedule for the straight-line method. (Do not round Intermediate calculations) Income Statement Balance Sheet Year Depreciation Cost Accumulated Expense Depreciation Book Value At acquisition 1 2 3 Required 2 >

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