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The second branch (30 marks. Suppose that on 1/1/2019, Al-Qadeer Company sold its computer scrver system & system) as a result of financial hardship the

The second branch (30 marks. Suppose that on 1/1/2019, Al-Qadeer Company sold its computer scrver system & system) as a result of financial hardship the company is exposed to, and upon selling directly and immediately, it agreed with the buyer (the unit company) to sign a contract Self Hire System). In the following information related to this process, the book value of the computer system recorded in the books of Al-Qadeer Company amounted to 600,000 dinars. A contract was expected for a period of 3 years and the system (asset) will be returned to the lessor at the end of the contract period 2 The contract amounts to 450,000 dinars, and it is not guaranteed. The lease contract stipulates equal lease payments with a value of 115,970 dinars to be paid at the beginning of each year on 1/2019 / I. Interest prevailing in the market 18 Required: taking into consideration the classification conditions in the books of the lessor and the lessee and taking into account the preparation of the schedule of amortization of payments follow all of the following: Determine the type of lease with the lessee and prove the journal entries in the books of the lessee throughout the length of the contract period that the depreciation of the leased asset takes place according to The straight-line method Determining the type of lease with the lessor and proving the journal entries in the books of the lessor for the first year: Explain how the classification and treatment of the contract will differ at the lessor if we assume that the asset is considered an asset of a specialized nature. For the estimated useful life of the leased asset. 4 years, if there was a difference, only the restrictions of the year 2010 were amended

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