Business, 30.11.2020 18:20 queenjanet46
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 $2,700. the equipment is expected to process 275,000 payments over its three-year useful life. per year, expected payment transactions are 66,000, year 1; 151,250, year 2; and 57,750, year 3.
Required:
Complete a depreciation schedule for each of the alternative methods.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Income Statement Balance Sheet
Year Depreciation Expense Cost Accumulated Depreciation Book Value
At acquisition
1
2
3
Answers: 2
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Sushi corp. purchased and installed electronic payment equipment at its drive-in restaurants in san...
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