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The following information is given to von from ......... t. Prepare an income statement to show the Gross margin and the net income.[12 points] 2.

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The following information is given to von from ......... t. Prepare an income statement to show the Gross margin and the net income.[12 points] 2. The following information is given to you relating to a piece of equipment fully owned by a restaurant. ating all fixed assets. Required: A What is the amount of depreciation expense to be charged in Year 4? [2 pt.] B Prepare a depreciation schedule for the four years to show the total depreciation expense and the book value in each year over the life of the equipment. [10 pts.]

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