Reference no: EM133151328

Question - Computing Depreciation under Alternative Methods - Sonin Company purchased and installed electronic payment equipment at its drive-in restaurant at the beginning ofthe year 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 in year 1, 140,250 in year 2, and 53,550 in year 3.

Required - Complete a depreciation schedule for each of the alternative methods:

1. Straight-line

2. Units-of-production

3. Double-declining-balance