Sonic Corporation purchesed and installed electronic payment equipment at its drive-in testaurants in San Marcos. TX, at a cost of 521600 . The equipment has an estimoted residual value of 51,200 . The equipment is expected to process 256.000 payments over its three-year useful life. Per year, expected payment transactions are 61,440 , year 1; 140,800 , year 2; and 53,760 , year 3 . Required: Complete a depteciation schedule for each of the nitemative mechods. 1. Straightiline 2. Units-of-production. 3. Double-decining-bolance. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the straight-line method. (Do not rouns intermediate caiculaticns.) Sonic Corporation purchased and instatled electronic payment equipment at its drive-in restaurants in San Marces, TX, at a cost of $21,600. The equipment has an estimated residual value of $1,200. The equipment is expected to process 256,000 payments over ats threeyear useful ife. Per year, expected payment transactions are 61,440 , year 1:140,800, year 2, and 53.760, year 3 . Required: Complete a depreciation schedule for each of the anternative methods. 1. Stralght-tine, 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, (Oo not round intermediate colculotions.) Sonic Corporation purchased and installed electronic payment equipment at its ditve-in restaurants in San Marcos. TX, at a cost of $21,600. The equipment has an estimated residual value of $1,200. The equipment is expected to process 256,000 peyments over its three-year useful life. Per yeat, expected poyment transactions ore 61,440, year 1; 140,800, year 2; and 53,760. year 3. Required: Complete a depreciation schedule for each of the atemative mothods. 1. Straight-line. 2. Units-of-production. 3. Double-declining-balance. Complete this question by entering your answers in the tabs below. Complete a deprecillowished 2 dule for the units-of-production method. (Do not round intermediate calculations. Round final snswers to the nearest whole dolitar.) Required information E9-2 (Algo) Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] [The following ivfoumation apples to the questians displayed below.J Bridge City Consultiog bought a buiding and the land on which it is located for $125.000cash. The land is estimated to represent 60 percent of the purchase price. The company paid \$10,000 for buliting renovitions before it was reedy for use, E9.2 (Algo) Part 3 and 4 3. Compute straight-ine deprecition on the building at the end of one year, assuming an estmated 10-year usesul ite and a $3, 000 estimnted residual value. (Do not round intermediate calculations.) 4. What should be the book value of (a) the land and (b) the buiding at the end of year 2
