Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information alles to the next questions On onwy 2072. XX. Les med equipment RS Maruticuring its Price 65166,000 .ORS Manufacturing has a cost

image text in transcribed
The following information alles to the next questions On onwy 2072. XX. Les med equipment RS Maruticuring its Price 65166,000 .ORS Manufacturing has a cost of $120,000 in the . Le species annual payments of 544,650 beginning January 1, 2022 and on each January thereafter through 2025. The year tomments on December 31 2025 QRS Manufacturing estimates selul life of 4 years and no residual value at the end of them There is no purchase option, and the equipmentievert back to the Lessor at the end of the year period The implicitrate on the lease is 6% and XYZ Less is aware of that Assame Straight Line Depreciation is used on the Right of Use PVAD Fado PV of S1 Factor 307301 79205 At what amount w QRS Les capitalize the Lease Receivable asset? 5164000 b. $129.503 G. 5119,350 od 5178,600 5120.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions