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Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 1. On December 31, 2025, what is
Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 1. On December 31, 2025, what is the balance in Dowell's lease liability? Note: Round your answer to the nearest whole dollar amount. 2. On December 31, 2025, what is the carrying amount (after accumulated amortization) of Dowell's leased warehouses? Note: Round your answer to the nearest whole dollar amount. 3. Obtain the relevant authoritative literature on accounting for derecognition of finance leases by lessees using the FASB's Codification Research System. You might gain access from the FASB website (www.fasb.org), from your school library, or some other source. To determine the appropriate accounting treatment for the proposed sublease, what is the specific seven- digit Codification citation (XXX-XX-XX) that Dowell would rely on to determine: a. If the proposal will qualify as a termination of a finance lease? b. The appropriate accounting treatment for the sublease? 1. Dowell's lease liability 2. Carrying amount of leased warehouses Number Topic Subtopic Section Paragraph 3-a. 3-b. < Req 1 to 3 Req 4 > Show less Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 What, if any, journal entry would Dowell record in connection with the sublease? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars View transaction list Journal entry worksheet < 1 Record the sublease of warehouses for the remaining four years of lease term. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal < Req 1 to 3 Req 4 >
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