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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 $59,400 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 $59,400 The equipment has an estimated residual value of $2,700. The equipment is expected to process 262,000 payments over its three- year useful life. Per year, expected payment transactions are 62,880, year 1;144,100, year 2; and 55,020, 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 2Required 3 Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations.) Income Statement Balance Sheet Depreciation Expense Depreciation Book Value $ 59,400 Year Cost At acquisition $ 18,90059,400 59,400 59,400 18,900 18,900 Required1 Required 2>
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