Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Use the information in RE21-3. Prepare the journal entries that Richie Company (the lessor) would make in the first year of the lease assuming the lease is classified as a sales-type lease. Assume that the lessee is required to make payments on December 31 each year. Also assume that Richie had purchased the equipment at a cost of $200,000.In RE21-3, Garvey Company (the lessee) entered into an equipment lease with Richie Company (the lessor) on January 1 of Year 1. Use the following information to decide whether this lease qualifies as an operating or capital lease for Garvey, and give an explanation using the four classification criteria.
1. The equipment reverts back to the lessor at the end of the lease, and there is no bargain purchase option.2. The lease term is five years and requires Garvey to make annual payments of $65,949.37 at the end of each year.3. The discount rate is 10%, which is implicit in the lease. Garvey knows this, and this rate is lower than its incremental borrowing rate.4. The fair value of the equipment at the lease inception is $250,000. The present value of an ordinary annuity of five payments of $65,949.37 each at 10% is $250,000.5. The equipment has an estimated economic life of seven years and has zero residual value at the end of this time. Straight-line depreciation is used for similar assets.
regal products has a budget of 900000 in 20x3 for prevention costs. if it decides to automate a portion of its
in 2012 rec room sports reported earnings per share of 8.50 when its stock price was 212.50. in 2013 its earnings
Assuming that specific identification costs are impracticable and that Jamison allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks?
integrative-risk return and capm wolff enterprises must consider several investment projects a through e using the
What are the steps used in lean production which reduces inventories, decreases defects, reduces wastes, and shortens customer response times.
Following is a list of events that occur throughout an audit examination. Indicate, using the correct letter, the time period during which these events are most likely to occur. An event may occur in more than one time period.
jarvie loves to bike. in fact he has always turned down better paying jobs to work in bicycle shops where he gets an
The introduction of a new management accounting system is MOST likely to motivate UNWANTED employee behavior when it is used for:
Ingram Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000.
nick and jolene are married. nick is 61 and retired in 2011 from his job with amalgamated company. jolene is 56 and
anthony gray has been interested in music since he was old enough to sit at the piano. he grew up with music and used
stanley clipper now retired owns the campus barber shop. he employs 5 barbers and pays each a base rate of 500 a month.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd