Business

Business, 28.07.2019 06:10, jordantay208

Wilson foods corporation leased a commercial food processor on september 30, 2016. the five-year lease agreement calls for wilson to make quarterly lease payments of $195,774, payable each september 30, december 31, march 31, june 30, with the first payment at september 30, 2016. wilson's incremental borrowing rate is 12%. wilson records depreciation on a straight-line basis at the end of each fiscal year. wilson recorded the lease as follows:

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Business, 24.06.2019 10:40, tishfaco5000

Wilson foods corporation leased a commercial food processor on september 30, 2018. the five-year finance lease agreement calls for wilson to make quarterly lease payments of $195,774, payable each september 30, december 31, march 31, june 30, with the first payment at september 30, 2018. wilson's incremental borrowing rate is 12%. wilson records amortization on a straight-line basis at the end of each fiscal year. wilson recorded the lease as follows:

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Business, 27.06.2019 08:40, davidoj13

Werner chemical, inc., leased a protein analyzer on september 30, 2018. the five-year lease agreement calls for werner to make quarterly lease payments of $391,548, payable each september 30, december 31, march 31, june 30, with the first payment at september 30, 2018. werner’s incremental borrowing rate is 12%. amortization is recorded on a straight-line basis at the end of each fiscal year. the useful life of the equipment is five years. 1. determine the present value of the lease payments at september 30, 2016 (to the nearest $000). 2. what amounts related to the lease would werner report in its balance sheet at december 31, 2016 (ignore taxes)? 3. what amounts related to the lease would werner report in its income statement for the year ended december 31, 2016 (ignore taxes)? 4. what amounts related to the lease would werner report in its statement of cash flows for the year ended december 31, 2016 (ignore taxes)?

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Business, 28.06.2019 06:20, gbrightwell

Wilson foods corporation leased a commercial food processor on september 30, 2018. the five-year finance lease agreement calls for wilson to make quarterly lease payments of $195,774, payable each september 30, december 31, march 31, june 30, with the first payment at september 30, 2018. wilson’s incremental borrowing rate is 12%. wilson records amortization on a straight-line basis at the end of each fiscal year. wilson recorded the lease as follows: september 30,2016asset (calculated below) 3.000.000lease payable (calculated below) 3.000.000lease payable 195.774cash (frist payment) 195.774calculation of the present value of lease payments$195.774 x 15.32380*=$3.000.000 (rounded)required: what would be the pretax amount related to the lease that wilson would report in its statement of cash flows for the year ended december 31,2016?

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Business, 06.08.2019 19:20, abelsoto

Wilson foods corporation leased a commercial food processor on september 30, 2016. the five-year lease agreement calls for wilson to make quarterly lease payments of $195,774, payable each september 30, december 31, march 31, june 30, with the first payment at september 30, 2016. wilson’sincremental borrowing rate is 12%. wilson records depreciation on a straight-line basis at the end of each fiscal year. wilson recorded the lease as follows: september 30, 2016asset (calculated below)3,000,000 lease payable (calculated below)3,000,000 lease payable195,774 cash (first payment)195,774 calculation of the present value of lease payments$195,774 × 15.32380* = $3,000,000 (rounded)*present value of an annuity due of $1: n = 20, i = 3%required: what would be the pretax amounts related to the lease that wilson would report in its statement of cash flows for the year ended december 31, 2016?

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