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6 On January 1, 2017, X company signed a contract to lease Y company an equipment with annual payment of $8,000 for 5 years
6 On January 1, 2017, X company signed a contract to lease Y company an equipment with annual payment of $8,000 for 5 years will be paid at the end of each year, usefullife is 6 years and unguaranteed salavage value of $2,000, when the discount rate is 10%, ?compute the leased liablity should be recorded by lessee on January 1,2017 $31,570.a O $33,359.b O $30,328.cO 1 7 Dany Construction Company signed a contract by $5,000,000 to built a bridge connect between two countries, the period of contract is 4 years started in 2016, the total estimated cost is $4,000,000 in 2016 cost incurred to date is $1,000,000 and cost estimated to complete is $3,000,000, in 2017 cost incurred to date is $1,800,000 and cost estimated to complete is $2,200,000, in 2018 cost incurred to date is $3,200,000 and cost estimated to complete is $1,000,000, using percentage of completion method ?compute the realized gross profit in 2018 $159,524.a O $150,524.b $250,524.c O
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