Business, 02.09.2019 01:30 galfaro19

16.0 lease accounting for capital lease
the s-mark corp entered into a 20-year capital lease on an equipment on january 2010 jant
of $60,000, which include real estate taxes of $8.000. are due annually beg o n d ante 2017
and every december 31 thereafter. the sant corp did not know the interest rate at the same
was 9%. the mark corp incrementa borrowing rate is 10%
requirements:
1. find the present value factor
2. record the entry for the lease assets and liability at january 1, 2016
record the entry to make these payment december 31 2016
record depreciation expense on december 31 2016
5. record the interest expense on december 31 2016
record lease payment december 31" 2016
7. record the entry to make the lease payment december 31- 2017
8. record depreciation expense on december 21 2017
9. record the interest expense on decumber 30 2017
10. record lease payment december 31 2017
11. record the entry to make the lease payment at december 31 2018
12. record depreciation expense on december 31 2018
13. record the interest expense on december 31 2018
14. record lease payment december 31 2018

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16.0 lease accounting for capital lease
the s-mark corp entered into a 20-year capital lease on...

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