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Tails Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $45,900. The equipment has an
Tails Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $45,900. The equipment has an estimated residual value of $3,600. The equipment is expected to process 269,000 payments over its three-year useful life. Per year, expected payment transactions are 64,560, year 1; 147,950, year 2; and 56,490, year 3. Required: Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) 1. Straight-line. Income Statement Balance Sheet Depreciation Expense Accumulated Book Value Depreciation Year Cost At acquisition 2. Units-of-production Income Statement Balance Sheet Depreciation Expense Accumulated Depreciation Book Value Year Cost At acquisition
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