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please hurry - On January 1 , 2 0 2 1 , Loop Inc. lease a machine from Sharp Co . The machine is estimated
please hurry On January Loop Inc. lease a machine from Sharp Co The machine is estimated to have a fair value of $ and an year economic life with no salvage value. The lease term is non cancelable years. The lease requires annual rent payments of $ due at the beginning of each year, starting January The machine is expected to have a residual value at the end of the lease term of $ which is unguaranteed.
Loop paid $ to a real estate broker as a commission for finding the lessor.
The lesse loop inc appropriately classified the lease as an operating lease.
The PV of annuity due of for years @ is
The PV of an ordinary annuity of for years @ is
In December balance sheet, Loop should report a Right of Use asset of:
a
b
c
d
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