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Suncoast Food Centers has provided the following information with regard to the purchase of equipment Acquisition cost of equipment Useful life Salvage value at

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Suncoast Food Centers has provided the following information with regard to the purchase of equipment Acquisition cost of equipment Useful life Salvage value at end of useful life. Annual straight-line depreciation Annual income generated by asset (before deducting depreciation) $520,000 5 years $104,000 $156,000 Use a 10 percent rate to compute the Imputed interest charge. Required: Complete the following table Answer is not complete. Based on Net Book Value Based on Gross Book Value Income Year Before Depreciation Annual Depreciation Income Net of Depreciation Average Net Book Value Imputed Interest Charge Residual Income Average Imputed Gross Book Interest Residual Value Charge Income 156,000 s 104,000 s 52.000 s 460 000 $ 520.0000 S 52,000 O 2 156,000 104,000 52,000 520,00 52,000 3 156,000 104,000 52,000 520.000 52.000 4 156.000 104,000 52,000 520.000 52.000 O 5 156.000 104,000 $2,000 520,000 52,000 O

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