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can you add the fully excel equation Amortization schedule sensitivity begin{tabular}{|c|c|c|c|c|} hline Lease Term (in years) & 3 & & & hline quarterlyrentalpayments(paidatthebeginningofeachquarter) &
can you add the fully excel equation
Amortization schedule sensitivity \begin{tabular}{|c|c|c|c|c|} \hline Lease Term (in years) & 3 & & & \\ \hline quarterlyrentalpayments(paidatthebeginningofeachquarter) & $30,000 & & & \\ \hline Effective interest rate & 12% & & & \\ \hline \multicolumn{5}{|l|}{ Present value of lease payments } \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Prepare the lease amortization schedule. } \\ \hline Payment Date & LeasePayments & EffectiveInterest & DecreaseinBalance & Lease Balance \\ \hline \multicolumn{5}{|l|}{01/01/Y1} \\ \hline \multicolumn{5}{|l|}{04/01/Y1} \\ \hline \multicolumn{5}{|l|}{07/01/Y1} \\ \hline \multicolumn{5}{|l|}{10/01/Y1} \\ \hline \multicolumn{5}{|l|}{01/01/Y2} \\ \hline \multicolumn{5}{|l|}{04/01/Y2} \\ \hline \multicolumn{5}{|l|}{07/01/Y2} \\ \hline \multicolumn{5}{|l|}{10/01/Y2} \\ \hline \multicolumn{5}{|l|}{01/01/Y3} \\ \hline \multicolumn{5}{|l|}{04/01/Y3} \\ \hline \multicolumn{5}{|l|}{07/01/Y3} \\ \hline \multicolumn{5}{|l|}{10/01/Y3} \\ \hline \multicolumn{5}{|l|}{ total } \\ \hline \multicolumn{5}{|c|}{ Based on the amortization schedule, please answer the following questions. } \\ \hline \multicolumn{5}{|c|}{ Q1: what is the lessee's lease expense in Y1 if this is an operating lease? } \\ \hline & & & & \\ \hline Q2: what is the lessee's interest expense & in Y1 if this is an opera & rating lease? & & \\ \hline & & & & \\ \hline \end{tabular} Q3: what is the lessee's amortization expense related to the right-of-use assets in Y1 if this is an operating lease? Q4: what is the lessee's amortization expense related to the right-of-use assets in Y3 if this is an operating lease? Q5: Prepare the journal entry for the lessor on 01/01/Y1 if this is an operating lease. Q6: Prepare the journal entry for the lessor on 04/01/Y2 if this is an operating lease (no need to record depreciation exp Q7: Prepare the journal entry for the lessor on 04/01/Y2 if this is a sales-type lease. Amnrtization cehadila Amortization schedule sensitivity \begin{tabular}{|c|c|c|c|c|} \hline Lease Term (in years) & 3 & & & \\ \hline quarterlyrentalpayments(paidatthebeginningofeachquarter) & $30,000 & & & \\ \hline Effective interest rate & 12% & & & \\ \hline \multicolumn{5}{|l|}{ Present value of lease payments } \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Prepare the lease amortization schedule. } \\ \hline Payment Date & LeasePayments & EffectiveInterest & DecreaseinBalance & Lease Balance \\ \hline \multicolumn{5}{|l|}{01/01/Y1} \\ \hline \multicolumn{5}{|l|}{04/01/Y1} \\ \hline \multicolumn{5}{|l|}{07/01/Y1} \\ \hline \multicolumn{5}{|l|}{10/01/Y1} \\ \hline \multicolumn{5}{|l|}{01/01/Y2} \\ \hline \multicolumn{5}{|l|}{04/01/Y2} \\ \hline \multicolumn{5}{|l|}{07/01/Y2} \\ \hline \multicolumn{5}{|l|}{10/01/Y2} \\ \hline \multicolumn{5}{|l|}{01/01/Y3} \\ \hline \multicolumn{5}{|l|}{04/01/Y3} \\ \hline \multicolumn{5}{|l|}{07/01/Y3} \\ \hline \multicolumn{5}{|l|}{10/01/Y3} \\ \hline \multicolumn{5}{|l|}{ total } \\ \hline \multicolumn{5}{|c|}{ Based on the amortization schedule, please answer the following questions. } \\ \hline \multicolumn{5}{|c|}{ Q1: what is the lessee's lease expense in Y1 if this is an operating lease? } \\ \hline & & & & \\ \hline Q2: what is the lessee's interest expense & in Y1 if this is an opera & rating lease? & & \\ \hline & & & & \\ \hline \end{tabular} Q3: what is the lessee's amortization expense related to the right-of-use assets in Y1 if this is an operating lease? Q4: what is the lessee's amortization expense related to the right-of-use assets in Y3 if this is an operating lease? Q5: Prepare the journal entry for the lessor on 01/01/Y1 if this is an operating lease. Q6: Prepare the journal entry for the lessor on 04/01/Y2 if this is an operating lease (no need to record depreciation exp Q7: Prepare the journal entry for the lessor on 04/01/Y2 if this is a sales-type lease. Amnrtization cehadila Step by Step Solution
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