A lease calls for 8 payments of $25,000 every January 1, starting in 2022. Discounted at...
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A lease calls for 8 payments of $25,000 every January 1, starting in 2022. Discounted at the appropriate rate of 12%, the present value of these payments is $139,094. Right of use amortization in 2022 is___________ if the lease is an operating lease and ___________ if the lease is a finance lease (where necessary, assume straight line with no salvage value). $13,691; $14,262 $17,387; $17,387 $11,309; $17,387 $8,309; $14,262 A lease calls for 8 payments of $25,000 every January 1, starting in 2022. Discounted at the appropriate rate of 12%, the present value of these payments is $139,094. Right of use amortization in 2022 is___________ if the lease is an operating lease and ___________ if the lease is a finance lease (where necessary, assume straight line with no salvage value). $13,691; $14,262 $17,387; $17,387 $11,309; $17,387 $8,309; $14,262
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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