Question

i only need help with 2, 3 and, 4

Answer 1

45,00,000 8% Lease Present Value Rate of Interest Life of Machine Residual Value Equated Payments 4 years =PMT(rate, time , Present Value) =PMT(8%, 4, $4,500,000) $ 13,58,643.62 Year (A) Lease Amortization Schedule Effective Interest Outstanding Lease Payment (Previous Decrease in Balance (Prev Outstanding Balance C=(A-B) balance x 8%) (B) balance -C) $ 45,00,000 | 2021 $13,58,643.62 $ 3,60,000 $ 9,98,643.62 $ 35,01,356.38 2022 $13,58,643.62 $ 2,80,109 $ 10,78,535.11 $ 24,22,821.27 2023 $13,58,643.62 $ 1,93,826 $ 11,64,817.92 $ 12,58,003.35 2024 $13,58,643.62 $ 1,00,640 $ 12,58,003.35 $ Credit Year 2021 Debit $ $ 9,98,644 3,60,000 $ 13,58,644 $ 3,60,000 $ 3,60,000 Accounts and Titles Lease Liabilty Interest Cash |(To record Payment of Lease liabilty and Interest) Statement of Profit and Loss Interest |(To record Interest in Statement of Profit and Loss) Lease Liabilty Interest Cash |(To record Payment of Lease liabilty and Interest) Statement of Profit and Loss Interest |(To record Interest in Statement of Profit and Loss) 2023 $ $ 11,64,818 1,93,826 $ 13,58,644 $ 1,93,826 $ 1,93,826

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