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Talls Corporation purchased and installed electronic payment equipment at its arive-in restaurants in sa Marcos, TX, at a cost of $51,300. The equipment has an
Talls Corporation purchased and installed electronic payment equipment at its arive-in restaurants in sa Marcos, TX, at a cost of $51,300. The equipment has an estimated residual value of $3,300. The equipmer is expected to process 267,000 payments over its three-year useful life. Per year, expected paymer transactions are 64,080, year 1; 146,850, year 2; and 56,070, year 3. Required: Complete a depreciation schedule for each of the alternative methods. (Do not round intermediat calculations.) 1. Straight-line. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 2. Units-of-production. Income Statement Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3 3 3. Double-declining-balance. Income Statement Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3
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