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!
On January 1, 2019, Maxine Company entered into a five-year lease of an office space with the following terms: Annual rental for the first two years payable every December 31 100,000 Annual rental for the next three years payable every December 31 200,000 Implicit rate in the lease 10% PV of an ordinary annuity of 1 at 10% for 2 periods 1.734 PV of an ordinary annuity of 1 at 10% for 3 periods 2.487 PV of 1 at 10% for 2 periods 0.826 The lease provides for neither a transfer of title to the lessee nor purchase option.
Problem 1. What is the lease liability on December 31, 2019?
A. 497,400
B. 584,252
C. 670,800
D. 800,000
Problem 2. What is the depreciation of the right of use asset for 2019?
A. 116,850
B. 134,160
C. 160,000
D. 223,650
Problem 3. What is the interest expense for 2021?
A. 18,696
B. 34,664
C. 49,695
D. 54,268
Problem 4. What is the lease liability on December 31, 2021?
A. 251,937
B. 346,640
C. 410,852
D. 496,945
What are the major advantages and disadvantages of each type of policy? Which type of policy would you recommend for Camila
For each of the above investments: a. Discuss in which entity control lies; and, b. Explain whether consolidation is required
Prepare the journal entries to record the conversion, amortization, and interest in connection with the bonds as of the following dates.
General guideline, transfer pricing. The Slate Company manufactures and sells television sets. Its assembly division (AD) buys television screens.
What effect will this have on interest expense if the bonds are issued at a premium and a discount
A company reports the following sales related information: Sales (gross) of $100,000; Sales discounts of $2,000; Sales returns and allowances of $8,000.
The equipment is metered so that the number of units processed is counted. What would be reported for depreciation expense for 2019 using straight-line method
food service division of manitowish company which has a hurdle rate of 6. nbspnbspdivisional identifiable average
1. At December 31, 2014, Cordova Leather's liabilities include the following:
Registered Retirement Savings Plan (RRSP) with the same contribution options. Explain the difference in the T4 information slip reporting for these two groups
the alpine company is a swiss subsidiary of an american company and its accounts are included in the u.s dollar
Ignore income tax effect, prepare the journal entries necessary at December 31, 2010 to record the above correction. The books of 2010 are still open
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