Exercise 21-8 {Part Leuel Submission] The following facts pertain to a noncanoeiahie lease agreement between Bramble Leasing Company and Sunland

Please help with the following problem, I am having trouble with getting the correct answer.

Exercise 21-8 {Part Leuel Submission]The following facts pertain to a noncanoeiahie lease agreement between Bramble Leasing Company and Sunland Company, a lessee. Inception date: l-lal.r 1, 201?Annual lease payment due at the beginning ofeach year, beginning with May 1r 201? $24,084.20Bargain-purchase option price at end of lease term $3.200Lease tenn 5 YearsEconomic life of leased equipment 10 veersLessor’s cost $69,000 l}Fair value of asset at May 1. 201? $101,000Lessors implicit rate 11 “ii:Lossee’s incremental borrowing rate 11 iii: The colledibility of the lease pawnents is reasonably predictable. and there are no important uncertainties surrounding the costs vet to be incurred by the lessor. The lessee assumes responsibility for all executonr costs.The expected residual value of the equipment at the end of 5 (10) 1rears is $12,900 ($0). . . i v [ti Prepare a lease amortization schedule for Sunland liornnan’iI for the Sdrear lease term. (Round present value factor calculations to 5 decimalnlacesl. 29. 1.25126 and Round answers to 2 decimal’ places.- en.1525.} SUNLAND COMPANY l assee] Lease Amortization _ eduleAnnual Leasel’airlient Plus Inurahn Reducfionollease Date m Liahiitv lnbrily lease LiabilityE 5 $ $ $ 101.001:sun? 24mm 24,034.29 36515.35h! 18 24,094.205111’19 24.094205l1f20 24.991205m21 24mm41′ 3W1? ma 5 $ $

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more