Homework Answers
| 1 | Net recievable | |||||
| Beginning balance on June 30. | 4100000 | |||||
| Less:First payment on June 30. | ||||||
| (all are towards principal) | 604152 | |||||
| Second payment on Dec 31. | ||||||
| (Note:1) | 429360 | 1033512 | ||||
| Ending balance on Dec 31. | 3066488 | |||||
| Notes: | ||||||
| 1. interest payable=(4100000-604152)*10%*6/12=174792 | ||||||
| Principal component=604152-174792=429360 | ||||||
| 2 | Interest revenue | |||||
| June 30. | 0 | |||||
| Dec 31. | (Note:1) | 174792 | ||||
| Total | 174792 | |||||
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3/14/2018 3 Award: 10.00 points On June 30, 2018, Georgia-Atlantic, Inc., leased warehouse equipment from IC...
On June 30, 2018, Georgia-Atlantic, Inc, leased a warehouse facility from IC Leasing Corporation. The lease...
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On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement...
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help asap please Check On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from IC...
help asap please
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On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement...
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $562,907 over a three-year lease term (also the asset’s useful life), payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a cost of $3 million....
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement...
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On June 30, 2018, Georgia-Atlantic, Inc, leased a warehouse facility from IC Leasing Corporation. The lease agreement calls for Georgia Atlantic to make semiannual lease payments 31, with the first payment at June 30, 2018. Georgia Atlantic's incremental borrow ng rate is 10% the same rate IC uses to calculate lease payment amounts. Depreciation is recorded on a straight-line basis at the end of each fiscal year. The fair value of the of $648,358 over a four-year lease term, payable...
On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia Atlantic to make semiannual lease payments of $648 358 over a four-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia Atlantic's incremental borrowing rate is 10%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a...
On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $512,132 over a five-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 8%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value...
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $681,881 over a four-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia Atlantic's incremental borrowing rate is 9%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a cost of $4.7...
help asap please
Check On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $512,709 over a five-year lease term (also the asset's useful fel. payable each June 30 and December 31, with the first payment at June 30, 2021 Georgia Atlantic's incremental borrowing rate is 12%, the same rate I used to calculate lease payment amounts. I purchased the equipment from Builders, Inc....
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $468,683 over a five-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a cost of $3.8 million....
On June 30, 2021, Georgia-Atlantic, Inc, leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $576,798 over a five-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 12%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a cost of $4.5 million....
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