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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 $48,600. The equipment has an

image text in transcribed Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $48,600. The equipment has an estimated residual value of $2,100. The equipment is expected to process 274,000 payments over its three-year useful life. Per year, expected payment transactions are 65,760, year 1; 150,700, year 2; and 57,540, year 3. Required: Complete a depreciation schedule for each of the alterntive 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 the double-declining-balance method. (Do not round intermediate calculations.)

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