Business, 12.03.2021 15:20, Lilbossman2203

On January 1, 2021, Pharoah Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease called for Pharoah to make annual payments of $155015 at the end of each year for 10 years with the title passing to Pharoah at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Pharoah uses the straight-line method of depreciation for all of its fixed assets. Pharoah accordingly accounted for this lease transaction as a financial lease. The lease payments were determined to have a present value of $1040163 at an effective interest rate of 8%. With respect to this lease, Pharoah should record for 2021

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:10, aj0914

Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) present value investment x $ investment y

Answers: 1

continue

Business, 22.06.2019 15:00, AldecuaF10

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?

Answers: 1

continue

Business, 22.06.2019 15:30, barstr9146

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

Answers: 1

continue

Business, 22.06.2019 17:30, flax05

What is the sequence of events that could lead to trade surplus

Answers: 3

continue

Do you know the correct answer?

On January 1, 2021, Pharoah Corporation signed a 10-year noncancelable lease for certain machinery....