User Account

All Pages

Record the transactions in the first year

Assignment Help Financial Accounting
Reference no: EM132951163

Question - The company purchase a special machine for the production based on a lease contract. The contract last for 4 years, the useful lifetime of the machine is 6 years. The annual fee is 40 000€, plus the company has an initial 20 000€ payment liability at the beginning of the first year. At the end of the contract period there is an option to buy the machine at a discounted (15 000€) price. The management is committed to use this option. The fair value of the transaction is 157 045€, the market interest rate is 10%. (Round to €.) Record the above transactions in the first year.

Reference no: EM132951163

Questions Cloud

What is the company breakeven sales in units for thomas ltd : If sales increase by 200 units, by how much would operating income increase? What is the company's breakeven sales in units?
How much will operating income change if order was accepted : Samia Ltd. produces jewelry boxes and one of their products, How much will operating income change if the order was accepted now?
What dollar amounts for the flexible budget would reflect : The flexible budget would reflect monthly operating income for 16,000 bottles of lotion and 24,000 bottles of lotion of what dollar amounts?
Calculate the present value of this annuity on January : The nominal annual interest rate, convertible quarterly, is 8%. Calculate the present value of this annuity on January 1, 2022
Record the transactions in the first year : The fair value of the transaction is 157 045€, the market interest rate is 10%. (Round to €.) Record the above transactions in the first year
Calculate the amount of the direct labour rate variance : Calculate the amount of the direct labour rate variance, also called the direct labour price variance, is? Actual production (units) 56,000.
What is the probability : An audit finds that the dollar amounts of invoices have a mean of $1,662 and a standard deviation of $302. What is the probability
What is the variable overhead spending variance for h-b inc : What is the variable overhead spending variance? H&B Inc. uses a standard cost system and calculates their application rates using direct labour hours.
By which amount to record the disposition of the machine : Accumulated Depreciation on the machine to the date of disposal was $30,000. By which amount to record the disposition of the machine

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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