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How would I post this? Leased a snow plow from Frosty Auto/Truck leasing Inc. The terms of the lease made it a capital lease. The
How would I post this?
Leased a snow plow from Frosty Auto/Truck leasing Inc. The terms of the lease made it a capital lease. The annual lease payments were $30,000 for a six year lease, with the first payment due on August 10. Their cost of capital is 10% and they depreciate vehicles straight line, no salvage value, 6 years. The company recorded the lease agreement in their accounting books. How do I post this? |
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