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NutraLabs, Incorporated, leased a protein analyzer to Werner Chemical, Incorporated, on September 3 0 , 2 0 2 4 . NutraLabs manufactured the machine at
NutraLabs, Incorporated, leased a protein analyzer to Werner Chemical, Incorporated, on September
NutraLabs manufactured the machine at a cost of $ million.
The fiveyear lease agreement calls for Werner to make quarterly lease payments of $ payable each September
December March and June with the first payment on September
NutraLabs' implicit interest rate is
The useful life of the equipment is five years.
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Determine the price at which NutraLabs is "selling" the equipment present value of the lease payments on September
What pretax amounts related to the lease would NutraLabs report in its balance sheet on December
What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December
What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December
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What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December
Note: Round your intermediate and final answers to nearest whole dollar. Enter your answers in whole dollars.
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