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 $24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over i three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, 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 $24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over i three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, 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
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![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
$24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its
three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, 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
Cost
Balance Sheet
Accumulated
Depreciation
Book Value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2F3e2c3e9f-6ee1-47c9-9014-4c003c3edec7%2F89moe8n_processed.jpeg&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
$24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its
three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, 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
Cost
Balance Sheet
Accumulated
Depreciation
Book Value
![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
$24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its
three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, 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 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
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
$24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its
three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, year 3.
Cost
Required:
Complete a depreciation schedule for each of the alternative methods.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Required 1
Complete this question by entering your answers in the tabs below.
At acquisition
2
3
Balance Sheet
Accumulated
Depreciation Book Value
Required 2
Required
Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations.)
Income
Statement
Depreciation
Expense
Cost
Balance Sheet
Accumulated
Depreciation
Book Value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2F3e2c3e9f-6ee1-47c9-9014-4c003c3edec7%2Fre3kwco_processed.jpeg&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
$24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its
three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, 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 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
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
$24,300. The equipment has an estimated residual value of $1,800. The equipment is expected to process 259,000 payments over its
three-year useful life. Per year, expected payment transactions are 62,160, year 1; 142,450, year 2; and 54,390, year 3.
Cost
Required:
Complete a depreciation schedule for each of the alternative methods.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Required 1
Complete this question by entering your answers in the tabs below.
At acquisition
2
3
Balance Sheet
Accumulated
Depreciation Book Value
Required 2
Required
Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations.)
Income
Statement
Depreciation
Expense
Cost
Balance Sheet
Accumulated
Depreciation
Book Value
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