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q6 11. In calculating depreciation of a leased asset, the lessee should subtract a(n) (3 Points) guaranteed residual value and depreciate over the term of
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11. In calculating depreciation of a leased asset, the lessee should subtract a(n) (3 Points) guaranteed residual value and depreciate over the term of the lease. guaranteed residual value and depreciate over the economic life of the asset unguaranteed residual value and depreciateover the term of the lease 0 0 unguaranteed residual value and depreciate over the economic life of the asset 12. If XYZ Company issues $600,000 of bonds at 20-year term on January 1, 2019, at 106, and bearing interest at an annual rate of 10 percent payable semiannually on January 1 and July 1, ABC records the first semiannual bond premium on July 1, 2019, as c (3 Points) Dr. Premium on Bonds Payable......... $900 Cr. Premium on Bonds Payable....... $1,500 Dr. Premium on Bonds Payable....... $1,800 Cu Premium on Bonds Payable....... $3,000 Step by Step Solution
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