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Controller Accounting Exercise Given the following information on a customer lease: - Vehicle Purchase Price: $ 5 0 , 0 0 0 - Customer Initial
Controller Accounting Exercise
Given the following information on a customer lease:
Vehicle Purchase Price: $
Customer Initial Upfront Payment: of purchase price
Monthly Rent: $
Term: months
Value at end of term: of purchase price
Customer guaranteed residual value at end of term: YES NO
Please provide for each scenario of customer guaranteed residual value:
Analysis of lease accounting determination
Monthly Income Statement, Balance Sheet, Cashflow statement for relevant line items to the
customer lease.
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