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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 |
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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