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Sonic Corporation purchased and installed electronic poyment equipment at its drive-in restaurants in Son Morcos, TX, at a cost of $43,200. The equipment has on
Sonic Corporation purchased and installed electronic poyment equipment at its drive-in restaurants in Son Morcos, TX, at a cost of $43,200. The equipment has on estimated residual value of $1,500. The equipment is expected to process 272,000 poyments over its three-year useful life. Per year, expected payment transoctions are 65,280, year 1; 149,600, year 2; and 57,120, yeor 3 . Required: Complete a depreciation schedule for each of the alternative methods. 1. Straight-line. 2 Units-of-production. 3. Double-declining-bolance. 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.)
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