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The following a partial Lease Amortization Schedule for Schreiber, Inc., the lessor. Schreiber, Inc. Lease Amortization Schedule Lease payment due date Annual Lease Payment Interest

The following a partial Lease Amortization Schedule for Schreiber, Inc., the lessor.

Schreiber, Inc.
Lease Amortization Schedule
Lease payment due date Annual Lease Payment Interest on Receivable Reduction of Lease Receivable Lease Receivable
1/1/2020 $ 100,000
1/1/2020 $ 21,200 $ 21,200 $ 78,800
1/1/2021 $ 21,200 $ 2,364 $ 18,836 $ 59,964
1/1/2022 $ 21,200 $ 1,799 $ 19,401 $ 40,563

If Schreibers fiscal year end is 12/31 what amount should they list as a noncurrent asset on the 12/31/2020 balance sheet???

$57,600

$59,964

$78,800

$21,200 The following a partial Lease Amortization Schedule for Schreiber, Inc., the lessor

Schreiber, Inc.
Lease Amortization Schedule
Lease payment due date Annual Lease Payment Interest on Receivable Reduction of Lease Receivable Lease Receivable
1/1/2020 $ 100,000
1/1/2020 $ 21,200 $ 21,200

image text in transcribed

The following a partial Lease Amortization Schedule for Schreiber, Inc., the lessor. Schreiber, Inc. Lease Amortization Schedule Lease payment due date Annual Lease Payment Interest on Receivable Reduction of Lease Receivable Lease Receivable 1/1/2020 100,000 1/1/2020 $ 21,200 $ 21,200 78,800 1/1/2021 $ 21,200 $ 2.364 $ 18.836 59,964 1/1/2022 $ 21,200 $ 1,799 $ 19,401 40,563 A A A A tA A If Schreiber's fiscal year end is 12/31 what amount should they list as a noncurrent asset on the 12/31/2020 balance sheet? $57,600 $59,964 $78,800 $21,200 The following a partial Lease Amortization Schedule for Schreiber, Inc., the lessor Schreiber, Inc. Lease Amortization Schedule Lease payment due date Annual Lease Payment Interest on Receivable Reduction of Lease Receivable Lease Receivable 1/1/2020 $ 100,000 1/1/2020 $ 21,200 $ 21,200

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