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Use the information in RE21-6. However, assume that there is no bargain purchase option and that Montevallo guarantees the $20,000 estimated residual value at the end of the 10 year lease. Calculate the present value of the minimum lease payments.In RE21-6, Montevallo Corporation leased equipment from Folio Company. The lease term is 10 years, requires payments of $25,000 at the end of each year, and contains a bargain purchase option. At the end of the lease Montevallo has an option to pay $4,000 (which is much less than the estimated fair value at that time) to purchase the equipment. The equipment has a fair value at the inception of the lease of $175,000 and an estimated useful life of 20 years. The lease agreement stipulates that the Folio Company receive a rate of return of 8% each year, which is lower than Montevallo 's incremental borrowing rate. Calculate the present value of the minimum lease payments.
A magazine discovers 40% of the families, which subscribe, are ones where there are two wage earners. In the remaining 60% of the families there is only one wage earner. What is the expected number of wage earners pre subscribing family?
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What is the asset represented by share of capital stock that have not yet been issued?
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Kendra is a self-employed taxpayer working exclusively from her home office. Before the home office deduction, Kendra has $5,000 of net income. Her allocable home expenses are $10,000 in total. How are the home office expenses treated on her curre..
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