User Account

All Pages

Record the journal entry microsoft should make

Assignment Help Accounting Basics
Reference no: EM132115567

Question - On January 1 2015, Microsoft leases a building for a new Microsoft store. The effective interest rate of the lease is 7% and annual payments required are $120,000 on December 31. The lease lasts ten years and the building's fair market value on the date of the lease is $900,000. Record the journal entry Microsoft should make on January 1, 2015.

Reference no: EM132115567

Questions Cloud

How many units were transferred out in the month : During the month a company started 300,000 units of products in a particular process. How many units were transferred out in the month
Main principles of new public management theory : Identify and explain the main principles of New Public Management Theory?
What are the operating segments for big islands : Who is the chief operating decision maker (CODM) of Big Islands? What are the operating segments for Big Islands?
What would be the greater appeal of the american colonies : If you were alive in the 1600s as a migrant, what would be the greater appeal of the American colonies: freedom of religion or economic opportunity?
Record the journal entry microsoft should make : The lease lasts ten years and the building's fair market value on the date of the lease is $900,000. Record the journal entry Microsoft should make on January
Does solomon northup reveal in his narrative twelve years : Comment on that ONE myth, precisely, intellectually and factually competent in professionally graduate level written content? Properly citing?
Annual holding and ordering costs of your predecessor system : What is the annual holding and ordering costs of your predecessor’s system?
What are some common law crimes : What are some common law crimes? Explain the personal Knowledge Rule and how expert witnesses are exempt from it
Customer relationship steps outlined in the article : A significant part of CRM, and usually first step in relationship process is getting to know your consumers, their likes, dislikes and things of that nature.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd