Question
Hux Investments leased equipment from a leasing company on July 1, 2018 in a finance lease.. The present value of the lease payments discounted at
Hux Investments leased equipment from a leasing company on July 1, 2018 in a finance lease.. The present value of the lease payments discounted at 10% was $75,600. Ten annual lease payments of $8,630 are due each July 1, beginning July 1, 2018. On December 31, 2018, what is the lease payable?
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To find the lease payable on December 31 2018 we need to calculate the portion of the lease paymen...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
