Question: can someone help me with this question? Check my work Problem 13-41 Increasing Residual Income over Time (LO 13-2, 13-4, 13-5) Suncoast Food Centers has
Check my work Problem 13-41 Increasing Residual Income over Time (LO 13-2, 13-4, 13-5) Suncoast Food Centers has provided the following information with regard to the purchase of equipment, Acquisition cost of equipment Useful life Salvage value at end of useful lite Annual straight-line depreciation Annual income generated by asset Ibefore deducting depreciation) $800,000 5 years $160.000 $240,000 Use a 10 percent rate to compute the mputed Interest charge Required: Complete the following table Year 1 2 Income Before Depreciation $ 240.000 240.000 240.000 240.000 240.000 Based on Net Book Value Based on Gross Book Value Annual Depreciation Income Net of Average Netbook imputad Interest Residual income Avertape Grossputed interest Residual Depreciation Charge Book Value Charge Income 150.000 $ 80.000 720.000 800.000 160.000 80.000 800,000 150.000 80.000 800,000 100.000 80.000 800.000 180.000 80.000 80.000 300.000 3 5
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