agret leasing company signs anf agreement contract on Jan 12025. to lease an equipment to...
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agret leasing company signs anf agreement contract on Jan to lease an equipment to Tarmsik Company.The following information relates to this agreement
The term of noncanceleable lease is years with no renewable option.The e quipment has an estimated economic value of years.
The fair value of the asset at Jan is $
The asset will revert to the lessor at the end of the lease term at which the asset is expecteed to have a residual value of $ none of which is guartneed.
The agreement requires equal annual rental payments of $ to the lessor, beginnign Jan
The lessees incremental borrowing rat is The lessor impliciate rate is and is unknown to the lessee.
Tamarisk uses the straight line depreciation method for all equipment.
a Prepare an amortization schedule that would be suitable for the lessee for the leasde term?
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