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Please send back with same table. Required information Problem 14-11AC Capital lease accounting LO C3 (The following information applies to the questions displayed below.) Rogers
Please send back with same table.
Required information Problem 14-11AC Capital lease accounting LO C3 (The following information applies to the questions displayed below.) Rogers Company signs a five-year capital lease with Packer Company for office equipment. The annual year-end lease payment is $10,000, and the interest rate is 8%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) Problem 14-11AC Part 3 3. Complete a lease payment schedule for the five years of the lease with the following headings. Assume that the beginning balance of the lease liability is the present value of lease payments. Period Ending Date Beginning Balance of Lease Liability Interest on Reduction of Lease Liability Lease Liability Cash Lease Payment Ending Balance of Lease Liability Year 1 Year 2 Year 3 Year 4 Year 5 TotalStep by Step Solution
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