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the question is complete. i tried putting answers in and they are incorrect. Spring 208 k my work mode: This shows what is correct or
the question is complete. i tried putting answers in and they are incorrect.
Spring 208 k my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. On June 30, 2018, Georgia-Atlantic, Inc, leased a warehouse facility from IC Leasing Corporation. The lease agreement callis for Georgia-Atiantic to make semiannual lease payments of $414,415 over a five-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2018 Georgia Atlantic's incremental borrowing rate is 10%, the same rate IC ulate lease payment amounts. Depreciation is recorded on a straight-line basis at the end of each fiscal year. The fair value of the warehouse is $3.4. (FV o S1. PY Of S1, FVA ofS1. PVA of S1. EVAD of S1 and PVAD of S1 (Use appropriate factoris) from the tables provided.) Required: 1. Determine the present valueo lease liability 2. What pretax amounts related to the lease 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income 2018? would Georgia-Atlantic report in its balance sheet at December 31, 2018 statement for the year ended December 31 your final answer to nearest whole dollar.) (For all requirements, enter your answers in whole dollars and not in millions. Round 3 Answer is complete but not entirely correct. s 2.103,571 1. Present value 2. Pretax amount for labaty 1,359,199 12 11.971 211,971 Pretax amount for nghlduse asset 3. Pretax amount for interest expense Pretax amount for amortization 211,971 Prev 10131E Next >Step by Step Solution
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