User Account

All Pages

How much is the lease receivable as of commencement date

Assignment Help Accounting Basics
Reference no: EM132964351

Problem - A lessor purchased an equipment for P425,300 on January 1, 2020. This was leased out to a lessee for P80,000 per annum, payable at the end of each year. The lessor incurred P50,000 in finder's fees. The incremental borrowing rate of the lessor at this date was 10%. The lease term was 5 years and the useful life is 10 years. The asset will revert back to the lessor at the end of the lease.

How much is the lease receivable as of commencement date?

The depreciation to be recognized in 2021 is?

Reference no: EM132964351

Questions Cloud

Develop an appropriate schema to store data : Develop an appropriate schema to store this data. Be sure to identify any primary, candidate, and foreign keys in your design. Inclue (a few sentences per table
Definitions for value creation : What value creation efforts would you recommend to your Case Assessment client using the definitions for value creation described by Chandler (2020). - my clien
Find what the basic eps for the company is : Find what the basic EPS for the company is? A company has net sales revenue of $780,000, cost of goods sold of $343,200 and all other expenses of $327,600
Describe the impact of anxiety on negotiations : 1.Explain how each of the "five conflict management styles" are related with negotiations?
How much is the lease receivable as of commencement date : A lessor purchased an equipment for P425,300 on January 1, 2020. How much is the lease receivable as of commencement date
Accompanying recommendation summary : The CEO has asked you and Jane to create a chart that he might use as part of his decision process in deciding what countries in which to locate overseas factor
Stages of development of the self : Describe two significant explanations of socialization.Discuss Mead's stages of development of the self.
Why do firm calculate their weighted average cost of capital : Why do firms calculate their weighted average cost of capital? Directly answer the question first, followed by the related discussion.
Manage the subsidiary in the asian cultural context : According to Hofstede (2007), Asian cultures bear some common features? What are they? How do these features influence management in Asia?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd