Business, 02.07.2019 04:10 codyczajka

Neal corp. entered into a nine-year capital lease on a warehouse on december 31, 2013. lease payments of $52,000, which includes real estate taxes of $2,000, are due annually, beginning on december 31, 2014, and every december 31 thereafter. neal does not know the interest rate implicit in the lease; neal's incremental borrowing rate is 9%. the rounded present value of an ordinary annuity for nine years at 9% is 6.0. what amount should neal report as capitalized lease liability at december 31, 2013? a. $300,000 b. $312,000 c. $450,000d. $468,000

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Neal corp. entered into a nine-year capital lease on a warehouse on december 31, 2013. lease payment...

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