Sonic Corporation purchased and installed electronic payment equipment
at its drive-in restaurants in San Marcos, TX, at a cost of $27,000. The
equipment has an estimated residual value of $1,500. The equipment is
expected to process 255,000 payments over its three-year useful life.
Per year, expected payment transactions are 61,200, year 1; 140,250,
year 2; and 53,550, year 3.
Required:
1 Complete a depreciation schedule for each of the alternative methods.
(a) Straight-line
(b) Units-of-production
(c) Double-declining-balance
Click here: Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX
