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Sushi Corp purchased and installed electronic payment equipment at les drive-in restaurants in San Marcos, TX, at a cost of $40,500 The equipment has an
Sushi Corp purchased and installed electronic payment equipment at les drive-in restaurants in San Marcos, TX, at a cost of $40,500 The equipment has an estimated residual value of $2,400. The equipment is expected to process 270,000 payments over its three- year useful life. Per year, expected payment transactions are 64,800, year 1: 148,500 year 2 and 56,700, year 3 TIP: You cannot depreciation 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete a depreciation schedule for Straight line method. (Do not round Intermediate calculations) Income Statement Depreciation Expense Year Balance Sheet Cost Accumulated Book Value Depreciation $ 40,500 40,5007 s 12,7001 $ 27.800 40,500 25,4001 15,100 Al acquisition 1 $ 12.700 s 12.700 2
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