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Please use excel or else use the proper form so i can understand it easily, thank you On April 1, 2019, PT Rento signed a

Please use excel or else use the proper form so i can understand it easily, thank you image text in transcribed
On April 1, 2019, PT Rento signed a contract to lease a machine with a lease term of 4 years from PT Lesso. The fair value of the machine at the beginning of the lease term is Rp 600 million, with an estimated useful life of 5 years and a residual value of Rp 99.242.375 (guaranteed by PT Rento). At the end of the lease term, PT Rento revert the machine to PT Lesso. PT Lesso defines that rental payments are made annually at the beginning of each period starting April 1, 2019. The incremental borrowing rate of PT Rento is 10%, while the implicit rate set by PT Lesso is 9% and the information is known by PT Rento. The depreciation method used by both companies is straight line. PV Factor: PV annuity due of 1, n=4, i=9% PV annuity due of 1, n 4, 1-10% PV of 1, n=4, 1-9% PV of 1, n=4, I=10% 3,531294666 3,486851991 0,708425211 0,683013455 Required: 1. Determine the type of lease for both parties based on the criteria of PSAK 73. (5%) 2. Determine the value of the annual lease payments and make a schedule for the amortization of lease payments over the lease term. (89) 3. Journalize both parties for the date: (7%) a. April 1, 2019 b. December 31, 2019 On April 1, 2019, PT Rento signed a contract to lease a machine with a lease term of 4 years from PT Lesso. The fair value of the machine at the beginning of the lease term is Rp 600 million, with an estimated useful life of 5 years and a residual value of Rp 99.242.375 (guaranteed by PT Rento). At the end of the lease term, PT Rento revert the machine to PT Lesso. PT Lesso defines that rental payments are made annually at the beginning of each period starting April 1, 2019. The incremental borrowing rate of PT Rento is 10%, while the implicit rate set by PT Lesso is 9% and the information is known by PT Rento. The depreciation method used by both companies is straight line. PV Factor: PV annuity due of 1, n=4, i=9% PV annuity due of 1, n 4, 1-10% PV of 1, n=4, 1-9% PV of 1, n=4, I=10% 3,531294666 3,486851991 0,708425211 0,683013455 Required: 1. Determine the type of lease for both parties based on the criteria of PSAK 73. (5%) 2. Determine the value of the annual lease payments and make a schedule for the amortization of lease payments over the lease term. (89) 3. Journalize both parties for the date: (7%) a. April 1, 2019 b. December 31, 2019

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