subject
Business, 19.10.2021 05:00 nicholasryanencarnac

Tucson Fruits leased farm equipment from Barr Machinery on July 1, 2021. The lease was recorded as a sales-type lease. The present value of the lease payments discounted at 10% was $40.5 million. Ten annual lease payments of $6 million are due at the beginning of each year beginning July 1, 2021. Barr had purchased the equipment for $33 million. What amount of interest revenue from the lease should Barr report in its 2021 income statement

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 22:30, Renabelle6350
Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be
Answers: 1
image
Business, 22.06.2019 10:10, sydc1215
At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:
Answers: 1
image
Business, 22.06.2019 13:20, sailesd57
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
image
Business, 23.06.2019 02:20, nateqqj
Suppose rebecca needs a dog sitter so that she can travel to her sister’s wedding. rebecca values dog sitting for the weekend at $200. susan is willing to dog sit for rebecca so long as she receives at least $175. rebecca and susan agree on a price of $185. suppose the government imposes a tax of $30 on dog sitting. the tax has made rebecca and susan worse off by a total of
Answers: 3
You know the right answer?
Tucson Fruits leased farm equipment from Barr Machinery on July 1, 2021. The lease was recorded as a...

Questions in other subjects:

Konu
Chemistry, 21.04.2020 23:31
Konu
Mathematics, 21.04.2020 23:31