Business, 21.12.2019 00:31 joelpimentel

Minnetonka company leases an asset. information regarding the lease: fair value of the asset: $400,000. useful life of the asset: 6 years with no salvage value. lease term is 5 years. annual lease payments are $60,000 implicit interest rate: 11%. minnetonka can purchase the asset at the end of the lease period for $50,000. what type of lease is this? a) operating. b) finance. c) short term. d) long term.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 21:10, brandonkelly104

In transportation model analysis, the stepping-stone method is used to: a. obtain an initial feasible solutionb. evaluate empty cells for possible degeneracyc. evaluate empty cells for potential solution improvementsd. identify a dummy origin pointe. balance supply and demand

Answers: 1

continue

Business, 23.06.2019 00:50, rouna

According to which act will be the person punished

Answers: 1

continue

Business, 23.06.2019 02:30, chriscook1466

For the year ended december 31, 2019, davidson mart had sales of $ 550 comma 000 and cost of goods sold of $ 412 comma 500. davidson estimates that approximately 2% of the merchandise sold will be returned. the adjusting journal entry on december 31, 2019, would include a

Answers: 3

continue

Business, 23.06.2019 11:00, kiekie1986

Advertisers like online advertising because

Answers: 1

continue

You know the right answer?

Minnetonka company leases an asset. information regarding the lease: fair value of the asset: $400,...