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answer all parts please MUHC Inased a mierurgical staple gun on January er Kinrical Equipment to the three-year lease contract itor monthly payments at $10.8.20tbe
answer all parts please
MUHC Inased a mierurgical staple gun on January er Kinrical Equipment to the three-year lease contract itor monthly payments at $10.8.20tbe made at the end of cathmanth The staplegum is expected to have a useful life of five years and no residual value. The staple gun had cost George Klein $300.000 to manufacture and would normally have sold for about $450,000. The interest rate available to MUHC Lid. for equipment loans on the day the lease was siened was 35 MUHCS Management plans to return the staple gun to Georg Kicin at the end of the three-ycarcas. MUHC s management has also determined that the present value at the minimum lease payments was $366,492 at the time the lease was entered into Explain the impact that the lease will have in the first month an MUHC's statement of financial position (Round answers to O decimal places... 125.) Right of use Asset at the End of January $ Lease Liity at the End of January $ Explain the impact that the lease will have in the first month on MUHC's statement of income. (Round answers to O decimal places, s 125) Depreciation Expense $ Interest Expense Save for Lator Attempts of lused Submit Answer MUHC Inased a mierurgical staple gun on January er Kinrical Equipment to the three-year lease contract itor monthly payments at $10.8.20tbe made at the end of cathmanth The staplegum is expected to have a useful life of five years and no residual value. The staple gun had cost George Klein $300.000 to manufacture and would normally have sold for about $450,000. The interest rate available to MUHC Lid. for equipment loans on the day the lease was siened was 35 MUHCS Management plans to return the staple gun to Georg Kicin at the end of the three-ycarcas. MUHC s management has also determined that the present value at the minimum lease payments was $366,492 at the time the lease was entered into Explain the impact that the lease will have in the first month an MUHC's statement of financial position (Round answers to O decimal places... 125.) Right of use Asset at the End of January $ Lease Liity at the End of January $ Explain the impact that the lease will have in the first month on MUHC's statement of income. (Round answers to O decimal places, s 125) Depreciation Expense $ Interest Expense Save for Lator Attempts of lused SubmitStep by Step Solution
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