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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 $56,700. 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 $56,700. The equipment has an estimated residual value of $3,000. The equipment is expected to process 264,000 payments over its three- year useful life. Per year, expected payment transactions are 63,360, year 1: 145,200, year 2; and 55,440, 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 Required 1Required 2 Required 3 Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations.) Income Statement Balance Sheet Depreciation Expense Accumulated Book Value Depreciation Year Cost At acquisition
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