Project Description:

(balance sheet and income statement disclosure-lessee)
the following facts pertain to a noncancelable lease bewteen alschuler leasing company and mckee electronics, a lessee, for a computer system.
inception date octuber 1, 2012
lease term 6 years
economic life of leased equipment 6years
fair valaue asste at octuber 1, 2012 $ 300,383
residual value at end of leased term 0
lessor's implicit rate 10%
lesse's incrmental borrowing rate 10%
anal lease payment due at the beginning of
each year beggining octuber 1,2012 62,700
what items and amounts will appear on the lessor's income stateement for the year ending september 20, 2013
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Project Stats:

Price Type: Negotiable

Total Proposals: 2
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