Business
Business, 17.08.2019 21:10, coolquezzie

Assume that on january 1, 2017, kimberly-clark corp. signs a 10-year noncancelable lease agreement to lease a storage building from sheffield storage company. the following information pertains to this lease agreement. 1. the agreement requires equal rental payments of $67,500 beginning on january 1, 2017. 2. the fair value of the building on january 1, 2017 is $411,000. 3. the building has an estimated economic life of 12 years, with an unguaranteed residual value of $10,000. kimberly-clark depreciates similar buildings on the straight-line method. 4. the lease is nonrenewable. at the termination of the lease, the building reverts to the lessor. 5. kimberly-clark’s incremental borrowing rate is 12% per year. the lessor’s implicit rate is not known by kimberly-clark. 6. the yearly rental payment includes $2,553 of executory costs related to taxes on the property. prepare the journal entries on the lessee’s books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2017 and 2018. kimberly-clark’s corporate year-end is december 31.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 18:30, jdilla98
Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.
Answers: 2
image
Business, 22.06.2019 20:00, Haddixhouse8948
How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?
Answers: 1
image
Business, 23.06.2019 00:00, destinyranson
Which of the following is not a factor to consider when deciding whether to accept a special order? whether this order will hurt the brand name of the company whether other potential orders would be more profitable whether additional fixed costs would need to be incurred whether the offered price is sufficient to cover prime costs and fixed overhead allocated all of the above
Answers: 2
image
Business, 23.06.2019 07:30, allierl2001
Which of the following conditions might result in the best financial decisions? a. agreeableness b. openness c. conscientiousness d. extraversion
Answers: 1
Do you know the correct answer?
Assume that on january 1, 2017, kimberly-clark corp. signs a 10-year noncancelable lease agreement t...

Questions in other subjects:

Konu
Advanced Placement (AP), 20.09.2020 07:01