The following relate to an operating lease agreement: The lease term is 3 years, beginning January 1, 2021. The leased asset cost the lessor $910,000 and had a useful life of eight years with no residual value. The lessor uses straight-line depreciation for its depreciable assets. Annual lease payments at the beginning of each year were $146,500. Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessor were $4,050. Required: Prepare the appropriate entries for the lessor from the beginning of the lease through the end of the lease term.

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?