Business, 26.07.2019 04:10, humpty21

On june 30, 2013, georgia-atlantic, inc., leased a warehouse facility from ic leasing corporation. the lease agreement calls for georgia-atlantic to make semiannual lease payments of $478,767 over a four-year lease term, payable each june 30 and december 31, with the first payment at june 30, 2013.georgia-atlantic�s incremental borrowing rate is 12%, the same rate ic used to calculate lease payment amounts. depreciation is recorded on a straight-line basis at the end of each fiscal year. the fair value of the warehouse is $3,151,426. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the present value of the lease payments at june 30, 2013 that georgia-atlantic used to record the leased asset and lease liability. (enter your answer in whole dollars.) 2. what pretax amounts related to the lease would georgia-atlantic report in its balance sheet at december 31, 2013? (enter your answers in whole dollars.) 3. what pretax amounts related to the lease would georgia-atlantic report in its income statement for the year ended december 31, 2013? (enter your answer in whole dollars.)

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On june 30, 2013, georgia-atlantic, inc., leased a warehouse facility from ic leasing corporation. t...