Sushi Corp purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $51,300. The equipment has an estimated residual value of $3,300 The equipment is expected to process 267,000 payments over its three- year useful life. Per year, expected payment transactions are 64,080, year 1, 146,850, year 2, and 56,070, year 3. TIP: You cannot depreciation past residual/salvage value in the last year of depreciation. 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 Straight-line method. (Do not round intermediate calculations.) Income Statement Depreciation Expense Year At acquisition 1 2 3 $ Cost 51,300 51,300 51,300 Balance Sheet Accumulated Depreciation Required 1 Book Value Required 2 >

Sushi Corp purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $51,300. The equipment has an estimated residual value of $3,300 The equipment is expected to process 267,000 payments over its three- year useful life. Per year, expected payment transactions are 64,080, year 1, 146,850, year 2, and 56,070, year 3. TIP: You cannot depreciation past residual/salvage value in the last year of depreciation. 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 Straight-line method. (Do not round intermediate calculations.) Income Statement Depreciation Expense Year At acquisition 1 2 3 $ Cost 51,300 51,300 51,300 Balance Sheet Accumulated Depreciation Required 1 Book Value Required 2 >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Sushi Corp. purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $51,300.
The equipment has an estimated residual value of $3,300 The equipment is expected to process 267,000 payments over its three-
year useful life. Per year, expected payment transactions are 64,080, year 1, 146,850, year 2, and 56,070, year 3.
TIP: You cannot depreciation past residual/salvage value in the last year of depreciation.
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 Straight-line method. (Do not round intermediate calculations.)
Income
Statement
Year
At acquisition
1
2
3
Depreciation
Expense
$
Cost
51,300
51,300
Balance Sheet
wwwwww
51,300
Accumulated
Depreciation
Required 1
Book Value
Required 2 >

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