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Sushi Corp. 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

Sushi Corp. 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. TIP: You cannot depreciate past residual/salvage value in the last year of depreciation. Required: Complete a depreciation schedule for each of the alternative methods. 1. Straight-line. 2. Units-of-production. 3. Double-declining-balance.
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Sushi Corp. 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 equlpment is expected to process 274,000 payments over its threeyear useful life. Peryear, expected payment transactions are 65,760, year 1; 150,700, year 2; and 57,540, year 3 . TIP. You cannot depreciate past residual/salvage value in the last year of depreciation. Required: Complete a depreciation schedule for each of the alternative methods. 1. Straight-line 2. Units-of-production. 3. Double-declining-balance

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