Year | PV @ 10% | Payment | PV | |
0 | 1 | $35,000 | $35,000 | |
1 | 0.90909 | $35,000 | $31,818 | |
2 | 0.82644 | $35,000 | $28,925 | |
3 | 0.75132 | $44,000 | $33,058 | |
$128,802 | ||||
Lease Amortization Table | ||||
Date | Payments | Interest | Decrease in Balance | Outstanding Balance |
1/1/2021 | $128,802 | |||
1/1/2021 | $36,000 | 0 | $36,000 | $92,802 |
12/31/2021 | $36,000 | $9,280 | $26,720 | $66,082 |
12/31/2022 | $36,000 | $6,608 | $29,392 | $36,690 |
12/31/2023 | $45,000 | $3,669 | $41,331 | ($4,641) |
Date | Account Titles | Debit | Credit |
Jan. 01, 2021 | Right of use asset | $128,802 | |
Lease payable | $128,802 | ||
Jan. 01, 2021 | Lease Payable | $36,000 | |
Cash | $36,000 | ||
Dec. 31, 2021 | Lease Payable | $26,720 | |
Interest expense | $9,280 | ||
Cash | $36,000 | ||
Dec. 31, 2021 | Amortization expense | $21,467 | |
Right of use asset | $21,467 | ||
($128,802 ÷ 6 years) | |||
Dec. 31, 2022 | Lease Payable | $29,392 | |
Interest expense | $6,608 | ||
Cash | $36,000 | ||
Dec. 31, 2022 | Amortization expense | $21,467 | |
Right of use asset | $21,467 | ||
Dec. 31, 2023 | Lease Payable | $41,331 | |
Interest expense | $3,669 | ||
Cash | $45,000 | ||
Dec. 31, 2023 | Amortization expense | $21,467 | |
Right of use asset | $21,467 |
Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December...
Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $41,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $50,000 when its fair value was expected to be $65,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
Federated fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $37,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $46,000 when its fair value was expected to be $61,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $48,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $57,000 when its fair value was expected to be $72,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $36,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $45,000 when its fair value was expected to be $60,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $36,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $45,000 when its fair value was expected to be $60,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
A variety of spectra for an organic compound with molecular
formula C10H16O are presented below. The
experimental accurate mass using (+) APCI source is 153.1280 u. The
1H, 13C, COSY, HSQC and HMBC NMR spectra are given in the following
slides. Propose a structure for this unknown and answer or address
the following questions or requirements:
d. If there are still any questionable assignments, propose
additional NMR experiments which would solve those questions and
briefly explain specifically what correlations you...
Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $32,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $41,000 when its fair value was expected to be $56,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
A variety of spectra for an organic compound with molecular
formula C10H16O are presented below. The
experimental accurate mass using (+) APCI source is 153.1280 u. The
1H, 13C, COSY, HSQC and HMBC NMR spectra are given in the following
slides. Propose a structure for this unknown and answer or address
the following questions or requirements:
a. Using the most abundant isotopes of C, H and O, what are the
errors in ppm and milli-Daltons for the experimental accurate
mass?...
Federated Fabrications leased a tooling machine on January 1, 2018, for a three-year period ending December 31, 2020. The lease agreement specified annual payments of $38,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2019. The company had the option to purchase the machine on December 30, 2020, for $47,000 when its fair value was expected to be $62,000 a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life...
analyze this NMR & IR
S23 CDC13 QE-300 240 UN (43 MIL.) 10.02s, 1H), 7.716.J-2 Hz. ) 2.0 11.5 11.0 10.5 10.0 9.5 9.0 8.5 8.0 7.5 7.0 6.5 6.0 4.0 3.5 3.0 2.5 20 15 100.5 0.0 -0.5 -1.0 -1.5 -2. 5.5 5.0 4.5 fl (ppm)