"cullumbercorporation is a lessee with a finance lease. the asset is recorded at $114 and has an economic life of 8 years. the lease term is 5 years. the asset is expected to have a fair value of $42 at the end of 5 years, and a fair value of $16 at the end of 8 years. the lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term. what amount of amortization expense would the lessee record for the first year of the lease? (a) $122,500(b) $144,000(c) $196,000(d) $228,000
Answers: 3
Business, 22.06.2019 14:50
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
Business, 22.06.2019 20:20
Carmenâs beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?
Answers: 3
Business, 23.06.2019 02:50
Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
Answers: 1
Business, 23.06.2019 20:30
If something happens to alter the quantity supplied at any given price, then we move along the fixed supply curve to a new quantity supplied. a. true b. false
Answers: 1
"cullumbercorporation is a lessee with a finance lease. the asset is recorded at $114 and has an eco...
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