E9-9 (Algo) Computing Depreciation under Alternative Methods [LO 9-3] Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $32,400. The equipment has an estimated residual value of $1,500. The equipment is expected to process 258,000 payments over its three-year useful life. Per year, expected payment transactions are 61,920, year 1; 141,900, year 2; and 54,180, year 3. 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.
E9-9 (Algo) Computing Depreciation under Alternative Methods [LO 9-3] Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $32,400. The equipment has an estimated residual value of $1,500. The equipment is expected to process 258,000 payments over its three-year useful life. Per year, expected payment transactions are 61,920, year 1; 141,900, year 2; and 54,180, year 3. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Year
Depreciation
Expense
Complete this question by ent
At acquisition
1
2
3
$
$
$
Required 1 Required 2 Required 3
Cost
Depreciation
Expense
32,400
32,400
32,400
Balance Sheet
Cost
Accumulated
Depreciation
Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations.)
Income
Statement
< Required 1
your answers in the tabs below.
Balance Sheet
Book Value
$ 32,400
Accumulated
Depreciation
< Required 2
Required 3 >
Book Value
Required 3 >
![E9-9 (Algo) Computing Depreciation under Alternative Methods [LO 9-3]
Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of
$32,400. The equipment has an estimated residual value of $1,500. The equipment is expected to process 258,000 payments over its
three-year useful life. Per year, expected payment transactions are 61,920, year 1; 141,900, year 2; and 54,180, year 3.
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 straight-line method. (Do not round intermediate calculations.)
Income
Statement
Depreciation
Expense
Year
At acquisition
1
2
3
$
$
$
10,300 $
10,300 $
10,300 $
Cost
Balance Sheet
Accumulated
Depreciation
Book Value
$ 32,400
22,100
11,800
1,500
32,400 $
10,300 $
32,400 $
20,600 $
32,400 $ 30,900 $
< Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F349709f6-3e99-49ce-9384-9f2b79e0bb19%2F1be0cae9-7756-4148-ab9e-6742f5e0a23d%2Fl28cr0a_processed.png&w=3840&q=75)
Transcribed Image Text:E9-9 (Algo) Computing Depreciation under Alternative Methods [LO 9-3]
Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of
$32,400. The equipment has an estimated residual value of $1,500. The equipment is expected to process 258,000 payments over its
three-year useful life. Per year, expected payment transactions are 61,920, year 1; 141,900, year 2; and 54,180, year 3.
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 straight-line method. (Do not round intermediate calculations.)
Income
Statement
Depreciation
Expense
Year
At acquisition
1
2
3
$
$
$
10,300 $
10,300 $
10,300 $
Cost
Balance Sheet
Accumulated
Depreciation
Book Value
$ 32,400
22,100
11,800
1,500
32,400 $
10,300 $
32,400 $
20,600 $
32,400 $ 30,900 $
< Required 1
Required 2 >
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