subject
Business, 30.11.2019 02:31 kikilax

On january 1, 2019, free corporation signed a ten-year noncancelable lease for certain machinery. the terms of the lease called for free to make annual payments of $220,000 at the end of each year for ten years with the title passing to free at the end of this period. free uses the straight-line method of depreciation for all of its fixed assets and the leased machinery has an estimated useful life of 15 years and no salvage value. free accordingly accounted for this lease transaction as a finance lease. the lease payments were determined to have a present value of $1,342,016 at an effective interest rate of 8%. with respect to this capitalized lease, dean should record for 2019
select one:

a. interest expense of $89,761 and depreciation expense of $134,202.
b. lease expense of $220,000
c. interest expense of $107,361 and depreciation expense of $89,468.
d. interest expense of $107,361 and depreciation expense of $134,202.
e. interest expense of $89,761 and depreciation expense of $89,468.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 16:30, yasminothman02
Which type of data does your company collect from customers or potential customers? a. positioning datab. market share datac. primary datad. secondary data select the best answer from the choices provided
Answers: 1
image
Business, 22.06.2019 07:10, Pipemacias1711
9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u. s. parent on bank deposits held in london d. interest received by a u. s. parent on a loan to a subsidiary in mexico e. principal repayment received by u. s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u. s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation
Answers: 2
image
Business, 22.06.2019 22:50, brookephillips1099
Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?
Answers: 1
image
Business, 23.06.2019 08:00, dondre54
Ray gives his son, mason, three bowls. these bowls have the same capacity, but each one differs slightly in its shape and size. ray tells his son that one of the bowls can hold more liters of oil than the other two bowls. mason points out that all the bowls, though may appear different in size and shape, can store the same volume of oil. in this case, ray was most likely testing mason's concept of
Answers: 3
You know the right answer?
On january 1, 2019, free corporation signed a ten-year noncancelable lease for certain machinery. th...

Questions in other subjects:

Konu
Mathematics, 08.11.2019 21:31