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Q2. For You Inc. (12 Points) a. Calculate depreciation expense Value of ROU asset (Gross) Lease period (months) Depreciation per period (month) Depreciation per year
| Q2. For You Inc. (12 Points) |
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| a. Calculate depreciation expense |
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| Value of ROU asset (Gross) |
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| Lease period (months) |
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| Depreciation per period (month) |
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| Depreciation per year |
| CHECK: Does this number reconcile with change in Accumulated Depreciation? | |
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| Interest rate (per annum) |
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| Number of payments per year |
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| Lease period (years) |
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| Total number of payments |
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| Interest rate per period |
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| Monthly payment |
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| Lease value (PV) [Report as positive number] |
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| Present value of lease payments |
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| Add: Payment at inception credited to asset value |
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| Value of ROU asset |
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