Question: which factor tables are needed to be used so i can provide the table? King Company leased equipment from Mann Industries. The lease agreement qualifies

 which factor tables are needed to be used so i can
provide the table? King Company leased equipment from Mann Industries. The lease
which factor tables are needed to be used so i can provide the table?

King Company leased equipment from Mann Industries. The lease agreement qualifies as a finance lease and requires annual lease payments of $52,538 over a six-year lease term (also the asset's useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 5%. The asset being leased cost Mann $230,000 to produce. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the lessor is "selling the asset (present value of the lease payments). 2. What would be the amounts related to the lease that the lessor would report in its income statement for the year ended December 312 [ignore taxes) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price at which the lessor is "selling the asset (present value of the lease payments). PV factors based on Table or Calculator function PV of Lease PVA of $1 532.948 Lease Payment 280.000 Required 2 > King Company leased equipment from Mann Industries. The lease agreement qualifies as a fi payments of $52,538 over a six-year lease term (also the asset's useful life), with the first pay lease. The interest rate is 5%. The asset being leased cost Mann $230,000 to produce. (FV of of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the lessor is "selling" the asset (present value of the lease payr 2. What would be the amounts related to the lease that the lessor would report in its income si 31? (ignore taxes) Complete this question by entering your answers in the tabs below. Required 1 Required 2 What would be the amounts related to the lease that the lessor would report in its income statemen December 31? (ignore taxes) (Input decreases to income as negative amounts.) Income Statement For the year ended December 31 Interest revenue Income statement increase L

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