Edison Leasing leased hightech electronic equipment to Manufacturers Southern on January Edison purchased the equipment from International Machines at a cost of $
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Related Information:
Lease term
Quarterly rental payments
Economic life of asset
Fair value of asset
Implicit interest rate Also
lessee's incremental borrowing
rate
Required:
Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January Edison's fiscal year ends December
Complete this question by entering your answers in the tabs below.
Amortization
Schedule
Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January Edison's fiscal year ends December
Note: Round vour intermediate and final answers to the nearest whole dollar. Enter all amounts as Dositive values.
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