Niko Ltd signed a lease for a fiveyear term that requires yearly, beginningofyear payments of $ including maintenance.
Based on allocating the lease payment on relative standalone prices, the lease component is $ and the nonlease component
for maintenance is $ Niko has a residual guaranteed value of $ at the end of the lease term. Niko's IBR Is PV of $
PVA of $ and PVAD of $Use approprlate factors from the tables provided.
Required:
Calculate the ROU asset. Round your Intermedlate calculatlons and flnal answer to the nearest whole dollar amount.
Answer is complete and correct.
Record the Inltial journal entry at commencement of the lease. If no entry Is requlred for a transactionevent select No journal
entry requlred" In the first account fleld. Round your answers to the nearest whole dollar amount. Do not round Intermedlate
calculations.
Answer is not complete.
How much will Niko record as an asset if the residual value is unguaranteed? Round your Intermedlate calculations and final
answer to the nearest whole dollar amount.
