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!
Question - On January 1, Harbor (lessee) signs a five-year lease for equipment that is accounted for as a finance lease. The lease requires five $36,000 lease payments (the first at the beginning of the lease and the remaining four at December 31 of years 1, 2, 3, and 4), and the present value of the five annual lease payments is $155,237, based on an 8% interest rate.
Required -
1. Prepare the January 1 journal entry Harbor records at Inception of the lease for any asset or liability.
2. Prepare the January 1 entry Harbor records for the first $36,000 cash lease payment.
3. If the leased asset has a five-year useful life with no salvage value, prepare the December 31 journal entry Harbor records each year for amortization of the leased asset.
a productivity index of 110 means that a companys labor costs would have been 10 higher if it had not made production
The book value of the division's assets was $1,050,000, How do you make an income statement for 2021 beginning with income from continuing operations
Discusses a bargaining behavior of a skilled negotiator that would be most advantageous to you in this negotiation.
"The accounting industry is changing rapidly. The role of the accountant is becoming more of an advisory one as technology automates processes and removes.
several years ago brian formed sigma corporation a retail company that does not qualify for the u.s. production
Leno Computers manufactures tablet computer, What has not explained whether a valid contract exists between Leno Computers and Fallon Electronics?
Required - If The Company expects to sell 105,000 units next year, should they purchase this new equipment? Justify your answer
On January 1, 2016, The machine is being depreciated on a straight-line basis. What is Accumulated Depreciation on December 31, 2017?
Create the journal entries for these transactions and record them in their correct T accounts - April 30 Ben withdrew $1,000 for personal use
Additional information: The bonds were issued 5 years ago to construct a water purification system. What is the total Unrestricted Net Position Amount
Find the income statement for each company (2016 Merck; Novartis PDF files above). Enter in the net income for each company
Describe how the ratios are used in analyzing a firm's liquidity, solvency, and profitability. Your answer should illustrate understanding of financial.
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