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On 1 July 2019, Tech Ltd (lessee) contracts for leasing equipment for five years at an annual rental of $20 000, with the first payment payable immediately and subsequent annual payments due on 1 July. The equipment could have been purchased from supplier for $80 747.
Question 1: The rate of interest implicit in the lease is 12% and end of the reporting period is 30 June. Form a schedule showing the division of the lease rental into interest and principal components for the lessee over the term of the lease.
Assuming there are no permanent differences for tax purposes, determine the amount of accounting profit before tax for the year ending 30 June 2016
Purchased a truck with a price of $10,000. Paid $2,000 cash and a note for $8,000
what is talley's pension expense to be recorded for year 8? (hint the expected return on plan assets equals beginning of year plan assets times the settlement rate)
north division has the following informationsales 900000.if this division is eliminated the fixed expenses will be
1.What criteria indicate that a debt investment should be accounted for at FV-NI?
The contribution margin ratio is 30%. Compute the break-even point in dollars, the margin of safety in dollars and the margin of safety ratio
Racerback Company negotiates a lump-sum purchase of several assets from a contractor who is relocating. The purchase is completed on January 1, 2011.
The average total assets for Kyzera is $250,000. In its most recent year, Kyzera reported net income of $65,000 on revenues of $475,000.
Lithuania corporation operates a ferry service and owns four barges.
a company originally recorded prepaid rent. as of the end of the accounting year part of this is no longer prepaid. if
A call option on Jupiter Motors stock with an exercise price of $80 and one-year expiration is selling at $7. A put option on Jupiter stock with an exercise price of $80 and one-year expiration is selling at $5.0.
According to Money, the average house owner stays with the property for 6 years. Suppose that a random sample of 120 house owners reveals that the average.
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