User Account

All Pages

Lessee entries with bargain purchase option

Assignment Help Business Management
Reference no: EM132346993

(Lessee Entries with Bargain Purchase Option) The following facts pertain to a non-cancelable lease agreement between Mooney Leasing and Choi Group, a lessee (amounts in thousands).

Commencement dateMay 1, 2019

Annual lease payment due at the beginning of each year, beginning with May 1, 2019¥20,471.94

Bargain purchase option price at end of lease term¥ 4,000.00

Lease term5 years

Economic life of leased equipment10 years

Lessor's cost¥65,000.00

Fair value of asset at May 1, 2019¥91,000.00

Lessor's implicit rate8%

Lessee's incremental borrowing rate8%

The collectibility of the lease payments by Mooney is probable.

Instructions

(Round all numbers to the nearest yen)

Reference no: EM132346993

Questions Cloud

Analyzing the potential business : In analyzing the potential business, their financial staff has accumulated the following information:
Drone development project : Drone Development Project - prepare a project plan to meet the above objectives. It is a requirement that your project plan should conform to the PMBOK
What are the benefits and drawbacks of leasing a car : What are the benefits and drawbacks of leasing a car rather than owning one?
Pre-devaluation and post-devaluation trade balance : Assume that the United Arab Emirates has the following import/export volumes and prices. It undertakes a major "devaluation" of the UAE Dirham
Lessee entries with bargain purchase option : The following facts pertain to a non-cancelable lease agreement between Mooney Leasing and Choi Group, a lessee (amounts in thousands).
Income statement for the year : The annual sales for? Salco, Inc. were $4.57 million last year.
What is portfolio return : If your portfolio is made up of 40% Conglomco stock, 30% Supercorp stock, and 30% Megaorg stock, what is your portfolio return.
Budgeting for operating and maintenance costs of a capital : Discuss two to three (2-3) actions an administrator should review consistently to alleviate over budgeting for operating and maintenance costs of a capital
Discussed the project planning and explored the impact : Discussed the project planning and explored the impact of cultural diversity on planning. We examined issues relating to scheduling, resource planning and cost

Reviews

Write a Review

Business Management Questions & Answers

  Evaluate domino communication

Evaluate Domino's communication after the event from the perspective of SCCT. What recommendations would you make for incorporation.

  What is the effect of a lump-sum tax

What is the effect of a lump-sum tax (which is like an additional fixed cost) on a monopoly?

  Product sold elastic or inelasticall firms can increase the

product sold elastic or inelasticall firms can increase the volume of goods or services sold by cutting prices. but the

  Differences with social rights and political rights

Explain what are some similarities and differences with social rights and political rights and Can you provide some issues from the news that exemplifies human

  Decisions-being your own boss

The freedom to make all the decisions-being your own boss-is one of the biggest lures of entrepreneurship.

  Explain how goal setting motivates an individual

In order to motivate employees we need to understand various motivation theories and the science behind motivation.

  Disadvantages of downward communication organization

What disadvantages of downward communication the organization must have faced and what advantages of lateral communication may be offered due to the change?

  Identify how intrustion detection system

Can someone help me identify how Intrustion detection system and intrusion prevent system can help protect confidentiality, integrity and availability.

  Real examples of export and fdi activities

Please provide some real examples of export and FDI activities of education? Why do some Australian universities export education while others make direct investment?

  Managing global innovation throughout your strategy

Develop a multinational business strategy to address a challenge in a particular industry. Structure your business strategy in the following way.

  Address patch management

Select three applications (not operating systems) that you frequently use. How does each of them address patch management?

  Show verizon analysis of targeted work processes

Describe the results of an assessment of the work processes and key employees at Verizon and discuss how the organization will change while meeting its strategic challenges in the future

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