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____ [38]
3 years ago
10

What is the final price for a $48 blender that is on sale for 33% off?

Mathematics
1 answer:
nexus9112 [7]3 years ago
7 0
.33 x 48
15.84

48 - 15.84
$32.16
---------------
125 x 1.08
$135

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Cullumber Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year per
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Present value of annual lease payment = $148,471

Right-of-use asset = $166,471

Given:

Time for lease = 8 year

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Using excel formula for Present value of annual lease;

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<em>                               Books of (Dexter)</em>

<em><u>Date              Particular                        Debit        Credit</u></em>

1/1/17   Right-of-use assets              166,471  

              Cash                                         18,000

              Lease liability                                 148,471  

1/1/17     Lease liability                       25,300  

              Cash                                          25,300  

31/12/17 Interest (148,471-25,300)x0.1  12,317  

               Interest Receivable                     12,317    

12/31/17 Depreciation (166,471/8) 20,809  

                Accumulated depreciation             20,809

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