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BAM YEAR 2 HYDROQUAL We noticed that the cost of leasing trucks has decreased to $22,780 for this year. Is this because you purchased the
BAM YEAR 2 HYDROQUAL We noticed that the cost of leasing trucks has decreased to $22,780 for this year. Is this because you purchased the two new trucks? We also noticed that the lease payment on your new building is $38,000, which is much higher than you paid for your location last year. We are assuming you entered into a long-term lease when you moved, so we need some additional information from you to help us determine if this is an operating or a finance lease. How long is the lease? Will you own the building when the lease ends? Can you provide us with the fair value of the building and also the interest rate used to determine the annual payments? We also need to know the useful life of the building. please help me answer these Issue(s): Rule(s)
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