Reference no: EM133147157
Question - On January 1, 20x1, POLTROON Co. leased a piece of equipment to COWARD, Inc. Information on the lease is as follows:
Cost of equipment 1,200,000
Useful life of equipment 5 years
Lease term 4 years
Annual rent payable at the end of each year 400,000
Interest rate implicit in the lease 10%
Residual value 80,000
The equipment will revert back to POLTROON at the end of the lease term. The lease is classified as sales type lease.
Required - How much is the gross investment in the lease on January 1, 20x1 assuming the residual value is guaranteed?
a. 1,600,000 ????c. 1,520,000
b. 1,680,000 ????d. 1,267,948
Create lambda expressions and streams
: Design classes which use inheritance, polymorphism, and exception handling and Develop multi-layered software solutions, focusing on data structures
|
What the simple rate of return on the machine
: Jason Corporation has invested in a machine that cost $66,000, that has a useful life of twelve years, What the simple rate of return on the machine
|
Find equivalent units for the conversion costs in september
: During September 69,000 units were started; 6,900 of these were still in process at the end of September and were 3/5 finished. Find the equivalent units
|
Social movements sparked first world war
: In the 1914 Europe was engulfed in war, as the political tensions of prior years finally lead to conflict. social movements sparked the First World War?
|
How much is the gross investment in the lease on january
: The equipment will revert back to POLTROON at the end of the lease term. How much is the gross investment in the lease on January
|
Discuss various multicultural curriculum designs
: Provide a sample of what is to come in your curriculum design by creating a single multicultural lesson plan - discuss various multicultural curriculum designs
|
What is your estimate of the stock current price
: The market risk premium is 3.5%. What is your estimate of the stock's current price? Do not round intermediate calculations
|
What were the americas like before european conquest
: What were the Americas like before European conquest and how did it change during colonization?
|
Mobilization of the nation during world war
: After the First World War, the nationalist movement along with the total mobilization of the nation during the World War I,
|