User Account

All Pages

What amount will cheyenne record as the value

Assignment Help Financial Accounting
Reference no: EM132543697

Point 1: Cheyenne Corporation entered into an operating lease agreement to lease equipment from Badger, Inc, on January 1, 2020. The lease calls for annual lease payments of $36,000, beginning on January 1, for each of the 3 years ofthe lease. In addition, Badger will pay Cheyenne $6,000 as a cash incentive for entering the lease by January 1,2020. In relation to the lease agreement, Cheyenne incurred the following costs.

Point 2: Salaries of employees involved in the investigation of the lease $2,000 Lease document preparation costs incurred after execution of the lease 500 Cheyenne's incremental borrowing rate is 7%.

Question 1: If the value of the lease liability is $101,089, what amount will Cheyenne record as the value of the right-of-use asset on January 1, 2020, at commencement of the operating lease?

Reference no: EM132543697

Questions Cloud

Explain new technology that business should deploy : Explain a new technology that the business should deploy. Be specific, don't only note the type of technology but the specific instance of technology
How much will he have to save each month to reach his goal : If he saves money every month, starting one month from now, how much will he have to save each month to reach his goal?
Determine loss on impairment that teal bank should recognize : On December 31, 2020, Sandhill Company signed a $1,152,800, the loss on impairment that Teal Bank should recognize on December 31, 2022.
What should a cultural competence training program include : What should a cultural competence training program include? 125 words response with reference and in text citation. Describe why you think you are prepared.
What amount will cheyenne record as the value : What amount will Cheyenne record as the value of the right-of-use asset on January 1, 2020, at commencement of the operating lease?
Triangular arbitrage and rectangular arbitrage. : Create two numerical foreign exchange computational problems by using the CURRENT (2019-2020) real word data.
What is the current ratio : Peter's Motor Works has total assets of RM689,400, long-term debt of RM299,500, total equity of RM275,000, net fixed assets of RM497,800
Why you would make the recommended improvements : Explain how you might improve the patient's drug therapy plan and explain why you would make these recommended improvements. Patient AO has history of obesity.
Common-size percentage for the dividends paid : The profit margin is 3.4 percent and the retention ratio is 60 percent. What is the common-size percentage for the dividends paid?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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