Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2013. Edison purchased the equipment from International Machines at a cost of $112,446. (FV of $1, PV of $1,FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Related Information:
Lease term
2 years (8 quarterly periods)
Quarterly rental payments
$15,300 at the beginning of each period
Economic life of asset
2 years
Fair value of asset
$112,446
Implicit interest rate
10%
(Also lessee’s incremental borrowing rate)
Required:
Prepare a lease amortization schedule for the term of the lease. Also record the appropriate entries for Manufacturers Southern from the inception of the lease through January 1, 2014. Depreciation is recorded at the end of each fiscal year (December 31) on a straight-line basis. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)
craig company asks you to review its december 31 2014 inventory values and prepare the necessary adjustments to the
would the reason for the decision to buy be more clear if the cost per unit were carried all the way down to the total
if company has distributable profit of rs. 400000 profitsharing share ratio of mr. a mr. b and mr. c is
on january 2 todd company acquired 40 of the outstanding stock of mcguire company for 205000. for the year ending
on the basis of the following data the general manager of glide shoes inc. decided to discontinue childrens shoes
the sudbury south carolina plant of saldanha sports companyhas the following standards for tis soccer ball
in preparing an adjusting entry for depreciation an accountant debited depreciation expense and credited accumulated
Describe the process Ceemco should undertake to determine which accounting software might be the best fit for the company Although you do not know much about the company, develop a list of requirements you believe any accounting software should hav..
forecast the firms additional funds needed afn. the firm is operating at full capacity. data for use in your forecast
the company will also pay out a $48 per share liquidating dividend, and the company will cease operations. If the discount rate is 9 percent, what is the current value of the company’s stock?
What was the gain or loss on the sale? On which financial statement would the gain or loss appear? What information does this accounting calculation provide for future decisions?
brabant nv of the netherlands is a wholesale distributor of dutch cheeses that it sells throughout the european
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd