a.
b.
c.
d.
*** End ***
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Stora Enso | ||||||||
Lease Amortization Schedule | ||||||||
a | Date | Annual Lease Payment plus URV | Interest (8%) on lease Receivable | Recorvery of lease receivable | Lease Receivable | |||
* | ||||||||
31/12/2018 | € 521.934,00 | Present value of rental payment | € 520.544 | |||||
31/12/2018 | € 71.830,00 | € - | € 71.830,00 | € 450.104,00 | Present value of guaranteed residual value | € 1.390 | ||
31/12/2019 | € 71.830,00 | € 36.008,32 | € 35.821,68 | € 414.282,32 | lease liability | € 521.934 | ||
31/12/2020 | € 71.830,00 | € 33.142,59 | € 38.687,41 | € 375.594,91 | ||||
Tanggal | Keterangan | Debit | Kredit | |||||
31/12/2018 | Right of Use of assets | € 521.934,00 | ||||||
Lease liability | € 521.934,00 | |||||||
Lease liability | € 71.830,00 | |||||||
Cash | € 71.830,00 | |||||||
31-Des-19 | Depreciation Expense | € 52.193,40 | ||||||
Right of Use of assets | € 52.193,40 | |||||||
Lease liability | € 35.821,68 | |||||||
Interest Expense | € 36.008,32 | |||||||
Cash | € 71.830,00 | |||||||
01-Jan-20 | Depreciation Expense | € 52.193,40 | ||||||
Right of Use of assets | € 52.193,40 | |||||||
Lease liability | € 38.687,41 | |||||||
Interest Expense | € 33.142,59 | |||||||
Cash | € 71.830,00 | |||||||
b | Right use of assets : | |||||||
Lease liability | € 521.934,00 | |||||||
legal fees | € 5.000,00 | |||||||
Incentive | € 1.000,00 | |||||||
€ 525.934,00 | ||||||||
c | Lease liability : | |||||||
Present value of rental payment | € 520.544 | |||||||
Present value of guaranteed residual value | € 1.390 | |||||||
Present value of annual insurance payment | € 36.234 | |||||||
lease liability | € 558.168 | |||||||
d | Account titles | Debit | Credit | |||||
Lease liability | € 3.000,00 | |||||||
Gain on lease | € 3.000,00 |
(E21-4 L02.4) EXCEL 1-4 (L02,4) EXCEL (Lessee Entries, Finance Lease and Unguaranteed Residual Value) Assume that...
E21-4 (L02,4) EXCEL (Lessee Entries, Finance Lease and Unguaranteed Residual Value) Assume that on December 31, 2016, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheffield Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $71,830 beginning on December 31, 2016. 2. The fair value of the building on December 31, 2016, is $525,176. 3. The building has an estimated economic life of 12 years,...
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(Lessee Entries; Finance Lease and Unguaranteed Residual Value) Assume that on December 31, 2016, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheffield Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $71,830 beginning on December 31, 2016. 2. The fair value of the building on December 31, 2016, is $525,176. 3. The building has an estimated economic life of 12 years, a guaranteed residual...
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