Question
For lease, what is the initially measured amount for the ROU asset? Round to the nearest whole dollar annual payment(due on commencement lease date) $23
For lease, what is the initially measured amount for the ROU asset? Round to the nearest whole dollar
| annual payment(due on commencement lease date) | $23 104 |
| lease term | 5 |
| incremental borrowing rate | 10% |
| implicit rate(not readily determinable by lessee) | 8% |
| unguaranteed residual value | n/a |
| guaranteed residual value | $20 000 |
| Expected payout under guarantee | $12 000 |
a. $93 792
b. $108 759
c. $103 792
d. $107 794
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Statistical Techniques For Analytical Review In Auditing
Authors: Kenneth W. Stringer, Trevor R. Stewart
1st Edition
047186076X, 978-0471860761
