capital lease; lessee; income statement effects

Project Description:

a lease agreement that qualifies as a capital lease calls for annual lease payments of $26,269 over a six-year lease term, with the first payment at january 1, the lease’s inception. the interest rate is 5%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

if lessee’s fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended december 31?
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 11
1 Current viewersl
146 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.5
    39 Jobs 22 Reviews
    $0 in 0 Day
  • 5.0
    5 Jobs 3 Reviews
    $0 in 0 Day
  • 0.0
    0 Jobs 0 Reviews
    $0 in 0 Day
  • 4.5
    355 Jobs 236 Reviews
    $0 in 0 Day
  • 4.3
    7 Jobs 3 Reviews
    $30 in 0 Day
  • 1.0
    1 Jobs 1 Reviews
    $0 in 0 Day
  • 4.7
    74 Jobs 28 Reviews
    $0 in 0 Day