Posted on

ACCT 557 Week 4 Homework Complete A+ Answer

ACCT 557 Week 4 Homework Complete A+ Answer

Problem 1
a) Sales-Type Leases
1) Lease Receivable
Present value of annuity due of $1 for 10 periods disc. At 10%
Annual lease payment
Present value of estimated residual value
($30,000 x 10 years x 10%)
Lease Receivable @ inception

2) Annual Lease Payment
Present value of annuity due of $1 for 10 periods at 10%
Sales Price

3) Lease receivable at inception
Present value of residual value
Cost of Sales

Problem 2
a) Sales-Type Leases Lessee
The lease is a capital lease because the lease term exceeds 75% of the asset’s economic life and the
present value of the minimum payments exceeds 90% of the fair value of the leased asset.
Initial Obligation under capital leases:
Minimum lease payments ($60,000) x PV of an annuity due
for 10 periods at 10% (6.75902)

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get ACCT 557 Week 4 Homework Complete A+ Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

ACCT 557 Week 4 Homework Complete A+ Answer

Leave a Reply

Your email address will not be published. Required fields are marked *