Air Berhad enters into an agreement with Bowing Ltd for lease of an aircraft, with an...
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Air Berhad enters into an agreement with Bowing Ltd for lease of an aircraft, with an option to extend for five years. The details of the lease agreement are as following: Commencement Date Lease Term Lease Payment (paid in arrears) Lessee's Incremental Borrowing Rate Useful Life of Underlying Asset The present value of each lease payment is given as below: Period Present value of lease payment (RM) Required: Period Beginning 1234STO 5 Payment 6 7 8 9 10 Total January 1, 2021 10 years RM100,000 annually 6% 25 years 94,339.62 88,999.64 83,961.93 79,209.37 74,725.82 In accordance to Paragraph 26 of MFRS 16, Leases, prepare the amortization schedule for Air Berhad. You may use the following format: 70,496.05 66,505.71 62,741.24 59,189.85 55,839.48 736,008.71 Interest Liability Liability Depreciation Net Asset expenses reduction expenses Balance Depreciation (15 marks) Air Berhad enters into an agreement with Bowing Ltd for lease of an aircraft, with an option to extend for five years. The details of the lease agreement are as following: Commencement Date Lease Term Lease Payment (paid in arrears) Lessee's Incremental Borrowing Rate Useful Life of Underlying Asset The present value of each lease payment is given as below: Period Present value of lease payment (RM) Required: Period Beginning 1234STO 5 Payment 6 7 8 9 10 Total January 1, 2021 10 years RM100,000 annually 6% 25 years 94,339.62 88,999.64 83,961.93 79,209.37 74,725.82 In accordance to Paragraph 26 of MFRS 16, Leases, prepare the amortization schedule for Air Berhad. You may use the following format: 70,496.05 66,505.71 62,741.24 59,189.85 55,839.48 736,008.71 Interest Liability Liability Depreciation Net Asset expenses reduction expenses Balance Depreciation (15 marks)
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Systems analysis and design in a changing world
ISBN: 978-1423902287
5th edition
Authors: John W. Satzinger, Robert B. Jackson, Stephen D. Burd
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