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Suncoast Food Centers has provided the following information with regard to the purchase of equipment. Acquisition cost of equipment $500,000 Useful life 5 years Salvage

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

Acquisition cost of equipment $500,000

Useful life 5 years

Salvage value at end of useful life 0

Annual income generated by asset $150,000

(before deducting depreciation)

The following is the accelerated depreciation schedule of the equipment

Year Depreciation

1 $200,000

2 120,000

3 72,000

4 54,000

5 54,000

Total $500,000

(PLEASE ASSIT WITH ANSWERING THE QUESTION BELOW.. THANKS)

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).)

Year Income Before Depreciation Annual Depreciation Income Net of Depreciation Average Net Book Value ROI Based on Net Book Value Average Gross Book Value ROI Based on Gross Book Value
1 $150,000 $0 $0 $0 0.0 % $0 0.0 %
2 150,000 0 0 0 0.0 % 0 0.0 %
3 150,000 0 0 0 0.0 % 0 0.0 %
4 150,000 0 0 0 0.0 % 0 0.0 %
5 150,000 0 0 0 0.0 % 0 0.0 %

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