Question
On January 1, Dallas Corp. leases a truck they have manufactured to Valley Corp. Dallas has calculated the lease payments to Valley to be $40,000
On January 1, Dallas Corp. leases a truck they have manufactured to Valley Corp. Dallas has calculated the lease payments to Valley to be $40,000 per year for 4 years, and the sales price of the truck is $130,000. It cost Dallas $100,000 to manufacture the truck. Dallas follows IFRS.
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
