The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by Agate Playthings a leading manufacturer of games, toys, and interactive entertainment software for children and families:

Accounts Receivable	$ 1,094	Equipment	$ 474
Accumulated Amortization	729	Goodwill	579
Accumulated Depreciation	484	Inventory	334
Allowance for Doubtful Accounts	41	Land	10
Buildings	224	Licensing Rights	1,871
Cash and Cash Equivalents	664	Prepaid Rent	339

Required:

1. 1. Prepare the asset section of a classified balance sheet for Agate Playthings.
2. 2-a. Using Agate's 2018 Net Sales Revenue of $4,630 (million) and its average Net Fixed Assets of $272 (million), calculate the fixed asset turnover ratio for 2018.
3. 2-b. Has the company generated more or less revenue from each dollar of fixed assets than in 2017, when the ratio was 20.43?

Sonic Corporation purchased and installed electronic payment equipment at its 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.

Required:

Complete a depreciation schedule for each of the alternative methods.

Straight-line.

Units-of-production.

Double-declining-balance.