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Soved 2 4. points eBook Hint Print References Reterences \table[[Year,\table[[Income],[Statement]],Balance Sheet],[\table[[Depreciation],[Expense]],Cost,\table[[Accumulated],[Depreciation]],Book Value],[,,,],[1,,,,],[2,,,,],[3,,,,]]...

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Accounting

Soved
2
4. points
eBook
Hint
Print
References
Reterences
\table[[Year,\table[[Income],[Statement]],Balance Sheet],[\table[[Depreciation],[Expense]],Cost,\table[[Accumulated],[Depreciation]],Book Value],[,,,],[1,,,,],[2,,,,],[3,,,,]]
Sonic 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 $1,800. The equipment is expected to proces 273,000 payments over its three-year useful life. Per year, expected payment transactions are 65,520, year 1;150,150, year 2 ; and 57,330, year 3.
Required:
Complete a depreciation schedule for each of the alternative methods:
Straight-line.
Units-of-production.
Double-declining-balance.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Reuired 3
Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations.)
\table[[Year,\table[[Income],[Statement]],Balance Sheet],[\table[[Depreciation],[Expense]],Cost,\table[[Accumulated],[Depreciation]],Book Value],[,,,],[1,,,,],[2,,,,],[3,,,,]]
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