On January 1, 2019, Alsvin Company enters into a lease of equipment with Benni Company with a lease term of four years. The lease is properly accounted for as an operating lease. The rate Benni charges Alsvin in the lease is not readily determinable by Alsvin, whose incremental borrowing rate is 8%. The first annual payment, due at the inception of the lease, is $20,000. The annual payment increases each year by an amount equal to $20,000 multiplied by the annual Consumer Price Index (CPI) increase. The CPI is expected to increase at a rate of 2% per year on a noncumulative basis.

Additional information:
Present value of an annuity due of $1 for 4 periods at 8% 3.58
Present value of $1 in one period at 8% 0.93
Present value of $1 in two periods at 8% 0.86
Present value of $1 in three periods at 8% 0.79
Present value of $1 in four periods at 8% 0.74

At the beginning of the lease term, Alsvin Company should initially record a right-of-use asset of.

Alyssa works for an engineering firm that has been hired to design and supervise the construction of a highway bridge over a major river. the bridge will be a unique design, incorporating complex designs that will likely never be duplicated. how should alyssa deal with designing and overseeing the building of the bridge?

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.