The following facts pertain to a noncancelable lease agreement between Ayayai Leasing Company and Pina Company, a
Inception date: 1-May-17 Annual lease payment due at the beginning of each year, beginning with May 1, 2017
Bargain-purchase option price at end of lease term $19,19945
$4,000 Lease term 5 years Economic life of leased equipment 10 years Lessorâ€™s cost $67,000 Fair value of asset at May 1, 2017 $84,000 Lessorâ€™s implicit rate 9% Lesseeâ€™s incremental borrowing rate 9% The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties surrounding t Prepare a lease amortzaton schedule for Pina Company for the PINA COMPANY (Lessee Lease Amortization Sched
Date Annual Lease
4/30/2022 $ 19,19945
$ Company and Pina Company, a lessee $23,19945
$10,43975 rtant uncertainties surrounding the costs yet to be incurred by the lessor The lessee assumes responsibility for all executory costs hedule for Pina Company for the 5-year lease term The expected residual value of the equipment at the end of 5 (10) years is $12,00
PINA COMPANY (Lessee)
Lease Amortization Schedule
Interest on Reduction of
Lease Liability Liability
$ 462502 Lease Liability $ $ 14,57443
2,96916 26722 0
$ $ ibility for all executory costs he end of 5 (10) years is $12,000 ($0) (Round present value factor calculations to 5 decimal places, eg 125126 and Round answers 5126 and Round answers to 2 decimal places, eg 1525)
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.