Question: Can you please do the rest blank ones for me? Thanks What difference, if any, would occur in the classification of the lease if Provincial
Can you please do the rest blank ones for me? Thanks




What difference, if any, would occur in the classification of the lease if Provincial Airlines were using IFRS? The lease would be classified as | aright-of-use asset and lease liability . eTextbook and Media List of Accounts Calculate the amount of the initial obligation under capital leases. (Round factor values to 5 decimal places, e.g. 1.25124 and finalanswer to O decimal places, e.g. 5,275.) Initial obligations under leases $ 173031 eTextbook and Media List of Accounts Prepare a 10-year lease amortization schedule for the lease obligation using Excel. (Round answers to O decimal places, e.g. 5,275.) Annual Interest (10%) Reduction Lease on Unpaid of Lease LeasePayment Obligation Obligation Obligation $ 17303125600 $ 0 $ 25600 14743125600 14743 10857 13657425600 13657 11943 12463225600 12463 13137 11149525600 11149 14451 9704425600 9704 15896 8114925600 8115 17485 6366325600 6366 19234 4443025600 4443 21157 2327325600 2327 23273 0 256000 $ 82949 $ 173031 Prepare a schedule highlighting the differences in the journal entries prepared in part (f) which assumes an unguaranteed residualvalue of $16,000 and part (h) which assumes a guaranteed residual value of $16,000. (List all debit entries before credit entries. Creditaccount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" forthe account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Account Titles and Explanation Capitalization of lease: Equipment under LeaseObligations under Lease CashEnd of year:Interest ExpenseObligations under Lease(To record interest expense.)Depreciation ExpenseAccumulated Depreciation - Leased Equipment (To record depreciation.) Guaranteed Residual Value Debit Credit I Prepare a schedule highlighting the differences in the journal entries prepared in part (f) which assumes an unguaranteed residualvalue of $16,000 and part (h) which assumes a guaranteed residual value of $16,000. (List all debit entries before credit entries. Creditaccount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" forthe account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Guaranteed Residual Value Unguaranteed Residual Value Debit Credit Debit Credit
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