Question: Techneid hie sech computer sytem. Technologies Computer 10 Lee Su Comerytoryt 2021 The materno con el the computer was somet. 15 ...rupanya 2009, wym wd

Techneid hie sech computer sytem. Technologies Computer 10 Lee Su Comerytoryt 2021 The materno con el the computer was somet. 15 ...rupanya 2009, wym wd December es www3.2006 Leveys . Na wewe .com Werty . www.cowy What com 2001 your Technold Inc. sol computer systems. Technold leates computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $20 million This noncancelable loase had the following forms: Lease payments: $399,514 setannually, first payment at January 1, 2021; remairing payments at June 30 and December 31 each year through June 30, 2005 Lease torm: 5 years 10 semiannual payments) No residual value, no purchase option Economic life of equipment 5 years. Implich interest rate and lessee's incremental borrowing rate: 7% semiannually. . Fate value of the computers at January 1, 2021 $2 million. What is the ritrost revenue that Technold would report for this lease in 2021 income statement (Round your answer to the nearest whole dolu) Multiple Choice 50 52.79031 None onese answer choces.com 31.456.45

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1. McCutchon wrote a check payable to cash while he was in a supermarket. Before he got to the cashier, he realized that he had lost the check. Is this a bearer instrument, payable to any holder? 2....

1. How did the group come up with a plan?

2. Speak in a firm but nonthreatening voice.

The following set of data is from a sample of n = 7: 12 7 4 9 0 7 3 a. Compute the mean, median, and mode. b. Compute the range, variance, standard deviation, and coefficient of variation. c. Compute...

1.Compare the following 3 altrernatives using the Incremental Benefit/Cost Ratio method. Consider the salvage value as a cost (i.e., put in denominator). i = %3 Alt. Construction cost $ Bnefit ($/yr)...

Suppose you are a financial planner at Tangerine Bank. A client of yours has recently become a parent. The family wants to save for their child's university expenses, periodically, so that they can...

Dr. L. M. Patton is an ophthalmologist. As of December 31, Dr. Patton owned the following property that related to his professional practice, Patton Eye Clinic: Cash, $ 2,995 Professional Equipment,...

Which of the following represent diversifiable risks? the president of a company suddenly resigns consumer sells the company's product due to a controversy a company's product is recalled for defects...

There are four approaches to structuring an organisation for product development. Which option is the second approach to product development? a . The traditional approach to product development that...

Identify internal corporate social responsibility practices in an organization.

Identify sustainable HRM practices in an organization.

How would you describe the new culture?