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The following lease liability amortization table was developed for Smith Company and Lease 34T: Lease Liability Amqrtization Table Outstanding Incr./(Decr.) Ending Lease Year Balance Interest
The following lease liability amortization table was developed for Smith Company and Lease 34T: Lease Liability Amqrtization Table Outstanding Incr./(Decr.) Ending Lease Year Balance Interest Payment in Balance Balance Aug. 1 20x1 $43,520 $13,000 $(13,000) $30,520 Aug. 1 20x2 30,520 2,442 13,000 (10,558) 19,962 Aug. 1 20x3 19,962 1,597 13,000 (11,403) 8,559 Aug. 1 20x4 8,559 685 4,800 (4,115) 4,444 Aug. 1 20x5 4,444 356 4,800 (4,444) @ (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) The following lease liability amortization table was developed for Smith Company and Lease 34T: Lease Liability Amqrtization Table Outstanding Incr./(Decr.) Ending Lease Year Balance Interest Payment in Balance Balance Aug. 1 20x1 $43,520 $13,000 $(13,000) $30,520 Aug. 1 20x2 30,520 2,442 13,000 (10,558) 19,962 Aug. 1 20x3 19,962 1,597 13,000 (11,403) 8,559 Aug. 1 20x4 8,559 685 4,800 (4,115) 4,444 Aug. 1 20x5 4,444 356 4,800 (4,444) @ (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.)
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