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These are the vocab given for each transaction if needed. lbnin Accumulated amortization Accumulated depreciation Amortization expense Cash Depreciation expense Finance lease liability Interest expense
These are the vocab given for each transaction if needed.
lbnin
Accumulated amortization Accumulated depreciation Amortization expense Cash Depreciation expense Finance lease liability Interest expense Lease expense Operating lease liability Retained earnings Right-of- use asset - finance lease Right-of-use asset - operating lease N/A b. Lease liability amortization schedule Right-of-use Asset Amortization Schedule - operating lease a. Value of the right-of-use asset and lease liability on the date the lease commences =$ e. Accumulated amortization Accumulated depreciation Amortization expense Cash Depreciation expense Finance lease liability Interest expense Lease expense Operating lease liability Retained earnings Right-of- use asset - finance lease Right-of-use asset - operating lease N/A b. Lease liability amortization schedule Right-of-use Asset Amortization Schedule - operating lease a. Value of the right-of-use asset and lease liability on the date the lease commences =$ e
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