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E9-12(Algo) Computing Depreciation under Alternative Methods [LO 9-3] Speedy Corporation purchased and installed...

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Accounting

E9-12(Algo) Computing Depreciation under Alternative Methods [LO 9-3]
Speedy Corporation purchased and installed electronic payment equipment at its drive-in restaurants in McKinney, TX, at a cost of $29,700. The equipment has an estimated residual value of $1,200. The equipment is expected to process 257,000 payments over its
03:36:25
three-year useful life. Per year, expected payment transactions are 61,680, Year 1; 141,350, Year 2; and 53,970, Year 3.
Required:
Complete a depreciation schedule for each of the alternative methods.
Straight-line.
Units-of-production.
Double-declining-balance.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Required 2
Complete a depreciation schedule for the units-of-production method.
Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar.
\table[[Year,\table[[Income],[Statement]],Balance Sheet],[,\table[[eciation],[pense]],Cost,,\table[[mulated],[preciation]],,\table[[Book],[Value]]],[\table[[At],[acquisition]],,,,,,$,29,700],[1,$,6,846,,$,6,848,$,22,852
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