On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period.
The annual lease payment, excluding nonlease components, is $42,000.
The interest rate for this lease is 11%.
The payments are due on December 31 of each year.
The first payment was made on December 31, 2018.
The normal cash price for this type of equipment is $155,000 while the cost to Perry was $134,000.
For the year ended December 31, 2018, by what amount will Perry's earnings increased due to this lease (ignore taxes)?
Answers: 1
Business, 22.06.2019 12:10, montgomerykarloxc24x
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
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Business, 22.06.2019 16:30, sammuelanderson1371
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