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14 PL Campus urse Raleigh, Inc.leased some equipment from another company on January 1, 2016, for a three-year period. Three payments of $45,000 were due
14 PL Campus urse Raleigh, Inc.leased some equipment from another company on January 1, 2016, for a three-year period. Three payments of $45,000 were due each December 31. Adopt ariats Recognize: 1) The lease qualified as a capital lease. 2) The present value of an Ordinary Annuity (Table 4) based upon 3 years @9% interest rate is 2.531295. erials Assets were depreciated over the life of the lease, using the straight-line method. The appropriate interest rate to use was 9%. Digital Required: (For all answers, round to the nearest dollar.) ctoring nline Prepare all journal entries required on Raleigh's books for the year 2016 at both Jan 1 and Dec 31. HTML Editong x BIVA. 3. BO IE3 3 2 VW G *, 12pt 4 - Para dows
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