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Suncoast Food Centers has provided the following information with regard to the purchase of equipment. (FILL IN THE REST) $500,000 Acquisition cost of equipment Useful
Suncoast Food Centers has provided the following information with regard to the purchase of equipment. (FILL IN THE REST)
$500,000 Acquisition cost of equipment Useful life Salvage value at end of useful life Annual income generated by asset (before 5 years $150,000 deducting depreciation) The following is the accelerated depreciation schedule of the equipment. Year Depreciation $200,000 120,000 72,000 54,000 54,000 4 5 Total $500,000 Required Using the information provided above, complete the table given below. If there is a loss, leave the ROI column blank. (Round your"ROI" percentage answers to 1 decimal places (i.e., .1234 should be entered as 12.3).) Income Before Annual Income Net of Average Net ROl Based on Net Book Value Average GrossROI Based on Year Depreciation Depreciation Depreciation Book Value Book ValueGross Book Value $150,000200,000$ (50,000) 150,000 150,000 150,000 150,000 % $ 500,000 500,000 500,000 500,000 500,000 6.01 % 72,000 54,000 54,000 78,000 96,000 96,000 4 19.21% 19.21%
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