In January 2020, suppose a Super Copy franchise in Regina purchased a building, paying $104,000 cash supplies--a current asset-were obtained for $12,000. The franchise is depreciating the building over 25 years by the straight-line method with estimated residua double-diminishing-balance method, with zero residual value. At the end of the first year, the franchise has Show what the franchise will report for supplies, property, plant, and equipment, and cash flows at the end Income statement Balance sheet Statement of cash flows (investing section only) Show what the franchise will report for supplies, property, plant, and equipment, and cash flows at the end Income Statement Expenses $104,000 cash and signing a $150,000 note payable. The franchise paid another $74,000 to remodel the facility. Equipment and store fluture timated residual value of $101,000 The equipment and store fixtures will be replaced at the end of five years, these assets are being deprec ne franchise has dishes and supplies worth $1,600 flows at the end of the first year on its flows at the end of the first year on the income statement (Round dollar amounts to the nearest whole number.) $74,000 to remodel the facility. Equipment and store fixtures cost $154,000; dishes and aced at the end of five years, these assets are being depreciated by the ats to the nearest whole number.) The franchise is depreciating the building over 25 years by the straight-line method with estimated residual double-diminishing-balance method, with zero residual value. At the end of the first year, the franchise has Show what the franchise will report for supplies, property, plant, and equipment, and cash flows at the end Income statement Balance sheet Statement of cash flows investing section only) Show what the franchise will report for supplies, property, plant, and equipment, and cash flows at the end Income Statement Expenses. residual value of $10,000. The equipment and store fixtures will be replaced at the end of five years, these assets are being depreciated by the hise has dishes and supplies worth $1,600 the end of the first year on its at the end of the first year on the income statement. (Round dollar amounts to the nearest whole number.) banks Viruses removed or your money back Renew today with automatic renewal and we'll protect you from more than 49 billion threats and counting. If one slips through the cracks we'll remove it or your money back Show what the franchise will report for supplies, property, plant, and equipment, and cash flows at the end of the first year on its Income statement Balance sheet Statement of cash flows (investing section only) Show what the franchise will report for supplies, property, plant, and equipment and cash flows at the end of the first year on the income statement Income Statement Expenses Choose from any list or enter any number in the input fields and then click Check Answer. Clear All