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4 Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San...

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Accounting

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4 Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $35,100. The equipment has an estimated residual value of $2,100. The equipment is expected to process 260,000 payments over its three-year useful life. Per year, expected payment transactions are 62,400, year 1: 143,000, year 2; and 54,600, year 3. Book Hint Print ferences 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 the units-of-production method. (Do not round intermediate calculations. Round final answers to the nearest whole dollar) Year At acquisition 1 2 3 Income Statement Depreciation Expense Cost Balance Sheet Accumulated Depreciation

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