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1 hour to Answer please help me! I will UPVOTE and make good comment or FEEDBACK. SCENARIO PROBLEM, I HOPE U WILL ANSWER ALL OF
1 hour to Answer please help me!
I will UPVOTE and make good comment or FEEDBACK.
SCENARIO PROBLEM, I HOPE U WILL ANSWER ALL OF THAT.
The reason was the 2 pictures are connected, thats why cannot be seperated.
Fact pattern for the nine (9) independent scenarios below: On January 1, 20x1, Sunset Co. leased a machine from April, Inc. Information on the lease is as follows: annual rent- P200,000 Lease term 10 years Useful life of machine 12years Implicit interest 10% Lessee's incremental borrowing rate 11% 7. Scenario 4: Initial direct costs The lease payments are due at the beginning of each year. Sunset Co. incurred initial direct costs of P30,000 in negotiating the lease. The annual rent includes P5,000 insurance cost. The insurance is intended to protect April, Inc. investment in the machine; and therefore, does not transfer any good or service to Sunset Co. Sunset Co. has the option to purchase the machine at the end of the lease term by paying P380,000, which is expected to be approximately equal to the machine's fair value on that date. At lease commencement, Sunset Co. is reasonably certain to exercise the purchase option. How much are the carrying amounts of the (1) right-of-use asset and (2) liability on December 31, 20x1? a. 1,400,952; 1,428,142 O b. 1,400,952; 1,375,480 c. 1,375,480; 1,228,142 d. 1,428,142; 1,258,142
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