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Question - On January 1, 2019 Lola Inc. purchased an. equipment for 10M for the purpose of leasing it. The machine had an estimated life 10 years life with no residual value. Three months after purchase of the same year, Justin Inc. agreed to lease the machine for 3 years.
Justin was referred by Lyn Inc. and Lola paid P150,000 for the referral. The client paid the rental for the first two years outright during commencement worth 7,000,000 and the payment for the third year will be done at the end of lease term worth 1,500,000 only as mentioned in the contract. On top of that Leni paid P1,000,000 at the start of the lease to secure the leasing of machinery since there is a high demand for the said item.
What is the expense related to the lease for 2019 under operating lease?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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