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3 years ago

At the end of the car lease, you pay a certain amount if you decide to buy the car.. . What is this amount called?

2 answers:

6 0

At the end of a car lease, when you pay a certain amount if you decide to buy the car is called a lease end buy out. Many people choose to do this because it is cheaper than buying a new car.

Ludmilka [50]3 years ago

5 0

At the end of the car lease, you can pay a certain amount if you decide to buy the car. This amount is called the lease end buyout. If you decide to keep the car you pay the lease end buyout amount that was talked about when you first leased the car, this type of buyout attracts many consumers because they have already put money into the car for their lease contract and can save money buy purchasing their current leased vehicle.

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Write an essay of at least 150 -words based on reading the following regulation policy. In your essay, you should:

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The answer this prob would be outline of sequence in equavilant

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2 years ago

Read 2 more answers

Individual decision making is a good approach when:

Xelga [282]

Answer: The decision will directly impact many agencies, individuals, or community members.

Explanation: Because the leader has enough expertise to make a good decision.

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2 years ago

A consumer is making purchases of products Alpha and Beta such that the marginal utility of product Alpha is 30 and the marginal

sp2606 [1]

Answer:

Should purchase or consume more Alpha than Beta.

Explanation:

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3 years ago

Saskatchewan Forestry Company purchased a timber tract for $225,000 and estimates that it will be depleted evenly over its 10-ye

ale4655 [162]

Answer:

generally you need to determine the cost per unit, but in this case you are given a percentage of depletion = 10% x $225,000 = $22,500 which determines the inventory value (or depletion expense if the timber is sold) during the year.

the journal entry should be:

December 31, 20xx

Dr Timber inventory 22,500

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3 years ago

Presented below is information related to Novak Manufacturing Corporation.

svet-max [94.6K]

Answer:

A. Assets Original Salvage Depreciable Depreciable SL Depreciation

Cost Value value Life Per Year

A $46,575 6,325 40,250 10 $4,025

B $38,640 5,520 33,120 9 $3,680

C $41,400 4,140 37,260 9 $4,140

D $21,850 1,725 20,125 7 $2,875

E $27,025 2,875 24,150 6 $4,025

Total $175,490 20,585 154,905 $18,745

Composite rate of Depreciation = Total Depreciation per year/Total Original Cost

Composite rate of Depreciation = 18745/175490

Composite rate of Depreciation = 0.106815

Composite rate of Depreciation = 10.68%

B. Adjusting entry Debit Credit

Depreciation Expense-Plant Asset $18,745

Accumulated Depreciation-Plant Asset $18,745

c. Journal Entry Debit Credit

Cash $5,520

Accumulated Depreciation-Plant Assets $16,330

Asset D $21,850

(Record Sale of asset D)

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3 years ago