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Compute the imputed interest charge

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

Acquisition cost of equipment $640,000

Useful life 5years

Salvage value at end of useful life 0

Annual straight-line depreciation $128,000

Annual income generated by asset (before deducting depreciation) $192,000

Use a 10 percent rate to compute the imputed interest charge.

Reference no: EM132714881

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