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Flint Properties leased land to Manger Inc. for a lease term of 2 0 years. Manger constructed a building on the property at a cost
Flint Properties leased land to Manger Inc. for a lease term of years. Manger constructed a building on the property at a cost of
$ paying cash. The building has an estimated useful life of years, no residual value and occupancy took place on January
the first day of the lease period. Manger uses straight line depreciation.
Prepare the appropriate journal entry to record the depreciation of leasehold improvements for the year ending December
Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry"
for the account titles and enter for the amounts. List debit entry before credit entry.
Account Titles and Explanation
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