Business, 03.08.2019 03:10 gymnastjazzyjov0euc
On january 1, year 1, savor corporation leased equipment to spree company. the lease term is 9 years. the first payment of $698,000 was made on january 1, 2018. the present value of the lease payments is $4,561,300. the lease is appropriately classified as an operating lease. assuming the interest rate for this lease is 9%, how much interest revenue will savor record in year 1 on this lease?
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On january 1, year 1, savor corporation leased equipment to spree company. the lease term is 9 years...
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