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Werner Chemical, Incorporated, leased a protein analyzer on September 3 0 , 2 0 2 4 . The five - year lease agreement calls for
Werner Chemical, Incorporated, leased a protein analyzer on September The fiveyear lease agreement calls for Werner to make quarterly lease payments of $ payable each September December March and June with the first payment on September Werner's incremental borrowing rate is Amortization is recorded on a straightline basis at the end of each fiscal year. The useful life of the equipment is five years.
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Determine the present value of the lease payments on September
What pretax amounts related to the lease would Werner report in its balance sheet on December
What pretax amounts related to the lease would Werner report in its income statement for the year ended December
What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December Req to
Req
Determine the present value of the lease payments on September
What pretax amounts related to the lease would Werner report in its balance sheet on December
What pretax amounts related to the lease would Werner report in its income statement for the year ended December
Note: Round your intermediate and final answers to nearest whole dollar. Complete this question by entering your answers in the tabs below.
Req to
Req
What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December
Note: Round your intermediate and final answers to nearest whole dollar.
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