Lessee Accounting
ClassCo: Lessee
Annual payment on first of year in advance for that year
6 year term, 6 year life
entered into lease 1/1/x1
first payment 1/1/x1
capital lease
last payment: 1/1/x6
lease expires: 12/31/x6
Unguaranteed residual:			$12,000
Annual Payment:			$110,000
Incremental borrowing rate			8%
To Do:
A>	Schedule Showing by year & total:
		Payments
		Capitalized Asset value
		Imputed interest
		Depreciation [straight line]
	Also 3 JE;'s
		1/1/x1	at inception
		12/31/x1	assume this is only JE for lease ?depreciation of this item in x2
		12/31/x2	assume this is only JE since inception in x2