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Suncoast Food Centers has provided the following information with regard to the purchase of equipment. $760,000 5 years Acquisition cost of equipment Useful life Salvage
Suncoast Food Centers has provided the following information with regard to the purchase of equipment. $760,000 5 years 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) $152,00 $228, cee Use a 10 percent rate to compute the imputed interest charge. Requlred: Complete the following table. Based on Net Book Value Based on Gross Book Value Year Income Before Depreciation Annual Depreciation Income Net of Depreciation Average Net Book Value Imputed Interest Charge Residual Income Average Gross Book Value Imputed Interest Charge Residual Income 1 2 3 4 5
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