Business, 24.12.2019 19:31 landenDfisher

Xyz company leased equipment to west corporation under a lease agreement that qualifies as a finance lease to west but not as a result of a bargain purchase option or a title transfer.

the present value of the lease payments is $660,000.

the expected economic life of the asset is seven years.

the lease term is five years.

using the straight-line method, what would west record as annual amortization?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:40

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Answers: 2

Answer

Business, 22.06.2019 01:00

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

Answers: 2

Answer

Business, 22.06.2019 02:00

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Answers: 2

Answer

Business, 22.06.2019 16:10

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Answers: 1

Answer

You know the right answer?

Xyz company leased equipment to west corporation under a lease agreement that qualifies as a finance...

Questions