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B ER om Care GIO 5 D H Keel Corporation entered into a five year, non-cancellable capital equipment lease with More Corporation. The equipment has

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B ER om Care GIO 5 D H Keel Corporation entered into a five year, non-cancellable capital equipment lease with More Corporation. The equipment has an economic life of 10 years with a no estimated residual value at the end of its economic life. Keel Corporation has a December 31st year-end andis given an option to purchase the equipment at the end of the lease for $1. The following is the correct amortiration schedule prepared for the first 2 payments: Date Lease payment Interest Principal reduction Balance 9 1/Apr/22 $ 41.699 TO 1/Apr/22 $10,000 $ $ 10,000 31,699 11 1/Apr/23 10,000 3,170 6,830 24,869 12 13 REQUIRED (1). Calculate the amount of depreciation expense on the leased equipment Keel Corporation dec,2022. Show you de and to the wholeberg MOUND SE www here the founderted bow. Matere se putem me from the drop om proded Bonde whole the ROUND Formule count to to bed the US - TWICE other than combining into one rom Date Account The De Ged 20 cm 21 YE 22 SES Cover Sheet 01 01 04 Cano 3D OS 09 Date 2 Ace The O YE ERRE 1/A23 Acte Deber Crem P2 B ER om Care GIO 5 D H Keel Corporation entered into a five year, non-cancellable capital equipment lease with More Corporation. The equipment has an economic life of 10 years with a no estimated residual value at the end of its economic life. Keel Corporation has a December 31st year-end andis given an option to purchase the equipment at the end of the lease for $1. The following is the correct amortiration schedule prepared for the first 2 payments: Date Lease payment Interest Principal reduction Balance 9 1/Apr/22 $ 41.699 TO 1/Apr/22 $10,000 $ $ 10,000 31,699 11 1/Apr/23 10,000 3,170 6,830 24,869 12 13 REQUIRED (1). Calculate the amount of depreciation expense on the leased equipment Keel Corporation dec,2022. Show you de and to the wholeberg MOUND SE www here the founderted bow. Matere se putem me from the drop om proded Bonde whole the ROUND Formule count to to bed the US - TWICE other than combining into one rom Date Account The De Ged 20 cm 21 YE 22 SES Cover Sheet 01 01 04 Cano 3D OS 09 Date 2 Ace The O YE ERRE 1/A23 Acte Deber Crem P2

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