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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 $40,500. 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 $40,500. The equipment has an estimated residual value of $2,700. The equipment is expected to process 268,000 payments over its three-year useful life. Per year, expected payment transactions are 64,320 , year 1;147,400, year 2; and 56,280, 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 the straight-line method. (Do not round intermediate calculations.) Complete a depreciation schedule for the units-of-production method. (Do not round intermediate answers to the nearest whole dollar.) Complete a depreciation schedule for the double-declining-balance method. (Do not round
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