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28 Sep 2019
A lease agreement that qualifies as a capital lease calls for annual lease payments of $30,000 over a five-year lease term, with the first payment at January 1, the leaseâs inception. The interest rate is 4%
Prepare an amortization table:
Date Lease Payable Interest Expense Decrease in Balance Outstanding Balance 01/01/2016 $ 01/01/2016 $ $ $$ 01/01/2017 $
If lesseeâs fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year?
What would be the interest payable?
A lease agreement that qualifies as a capital lease calls for annual lease payments of $30,000 over a five-year lease term, with the first payment at January 1, the leaseâs inception. The interest rate is 4%
Prepare an amortization table:
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| If lesseeâs fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? |
| What would be the interest payable? |
Patrina SchowalterLv2
28 Sep 2019
