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On April 1 , 2 0 2 2 , PT Megapro leased a heavy equipment to PT Wahana. The fair value of the machine is

On April 1,2022, PT Megapro leased a heavy equipment to PT Wahana. The fair value of the machine is Rp 365,760,000 and is estimated to have a residual value of Rp 25,000,000 and an economic life of 6 years. The lessee is not required to guarantee the residual value. The lease period is 4 years. The implicit interest rate is 12%, while the lessee's incremental interest rate is 15%. Lease payments for the machine are made every April 1. The first payment is made on April 1,2022. The acquisition price of the machine by the lessor is IDR 300,000,000 and depreciation uses the straight-line method. (Known PVIF 6.12%-0.50663, PVIFA due 6.12%-4.60478; PVIF 6.15%-0.43233, PVIFA due 6.15%-4.35216) Requested:a. Calculate the amount of periodic lease payments.b. Determine the type of lease for both lessee and lessor. Make a lease amortization tablec. Prepare all journals required by PT Megapro and PT Wahana in the first 2 years of the lease period. d. Present the lease related information on the statement of financial position and Profit and Loss statement, for PT Wahana company on December 31,2023.

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a To calculate the amount of periodic lease payments we can use the present value of an annuity formula The present value of an annuity is the discoun... blur-text-image

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