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Che lease payment amounts, Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is

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Che lease payment amounts, Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3 million. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the present value of the lease payments at June 30, 2021 that Georgia-Atlantic uses to record the right-of-use asset and lease liability 2 What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 20217 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31 2021? (For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.) $ 4.563,949 1. 2 Present value Pretax amount for liability Pretax amount for right-of-use asset Pretax amount for interest expense Pretax amount for amortization expense 3 Prey 1 of 2 Next > 309 Le ED u O search Che lease payment amounts, Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3 million. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the present value of the lease payments at June 30, 2021 that Georgia-Atlantic uses to record the right-of-use asset and lease liability 2 What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 20217 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31 2021? (For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.) $ 4.563,949 1. 2 Present value Pretax amount for liability Pretax amount for right-of-use asset Pretax amount for interest expense Pretax amount for amortization expense 3 Prey 1 of 2 Next > 309 Le ED u O search

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