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Antonio"s Restaurant specializes in Italian food. During June,Antonio's Restaurant recorded the following sales to customersand costs of going business:
Sales tocustomers 20,500
Cost of food productsused 6,250
Cost of rented building andequipment 4,376
Cost of employee labor servicesused 4,050
Maintenance and ulilitiesused 2,000
Prepare a schedule that shows the amount od profit (or loss)earned by Antonio's Restaurant during June.
Calculate the amount of accumulated depreciation on the machine shown in the December 31, 2004balance sheet assuming the company uses the double-declining balance depreciation method. Donot use decimals in your answer.
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