Business, 03.04.2020 23:54, AzuraSchaufler

The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncancellable lease is 10 years, and the expected life of the equipment is 12 years. Using an 8 percent interest rate, the present value of the lease payments is $905,861. The first payment of $125,000 is due when the lease begins, January 5, 2018. An additional payment is due on January 5th for each of the next 9 years. Prepare journal entries to record: 1. The lease of the equipment on January 5, 2018. 2. The first lease payment on January 5, 2018. 3. Amortization expense for fiscal year ending December 31, 2018 4. The second lease payment on January 5, 2019.

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answered: germaine88

Solution and Explanation:

The Journal Entries in the books of Brock's water enterprise is as follows :-

Date Particulars and details Debit($) Credit($)

Jan 5, 2018 Intangible Assets - Lease 905861

Lease Payable 905861

(Being Record the Lease)

Jan 5, 2018 Lease Payable 125000

Cash 125000

(Being Record Down Payment)

Dec 31, 2018 Amortization Expenses ($905861divide 10) 90586

Accumulated Amortization 90586

(Being Record the amortization)

Jan 5, 2019 Lease Payable $(\$ 125000-\$ 62469)$ 62531

Interest Expenses $((\$ 905861-\$ 125000) * 8 \%)$ 62469

Cash 125000

(Being Record the Second Lease Payment)

answered: Guest

3rd the reason why is because of management and leadership

answered: Guest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncance...