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On January 1, 2017, X company signed a contract to lease Y company an equipment with annual payment of $8,000 for 5 years will
On January 1, 2017, X company signed a contract to lease Y company an equipment with annual payment of $8,000 for 5 years will be paid at the end of each year, usefullife is 6 years and unguaranteed salavage value of $2,000, when the discount rate is 10%, ?compute interest expense should be recorded on Dec. 31,2017 $3,157.a O $3,336.b O $3,033.c O 2 1 On January 1, 2017, X company signed a contract to lease Y company an equipment with annual payment of $8,000 for 5 years will be paid at the beginning of each year, usefullife is 6 years when the discount rate is 10%, compute the leased liablity should be ?recorded by lessee on January 1,2017 assuming no salvage value $33,359.a O $40,000.b O $30,328.c O
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