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Prepare a depreciation schedule for alternative methods

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Reference no: EM131989108

Problem

Tails Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $32,400. The equipment has an estimated residual value of $2,100. The equipment is expected to process 276,000 payments over its three-year useful life. Per year, expected payment transactions are 66,240, year 1; 151,800, year 2; and 57,960, year 3.

Required:

Complete a depreciation schedule for each of the alternative methods.

Reference no: EM131989108

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