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Suncoast Food Centers has provided the following information with regard to the purchase of equipment. Acquisition cost of equipment $640,000 Useful life 5years Salvage value

Suncoast Food Centers has provided the following information with regard to the purchase of equipment.

Acquisition cost of equipment $640,000

Useful life 5years

Salvage value at end of useful life 0

Annual straight-line depreciation $128,000

Annual income generated by asset

(before deducting depreciation) $192,000

Use a 10 percent rate to compute the imputed interest charge.

Required:

Complete the following table.

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