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Katen [24]
3 years ago
6

What is the residual value of a leased vehicle

Business
1 answer:
strojnjashka [21]3 years ago
6 0
The vehicles worth at the end of its lease.
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There has been extensive research into the time-driven model of leadership. The results include all of the following except ____
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B. managers overuse the autocratic style

Explanation:

There has been extensive research into the time-driven model of leadership. The results include all of the following except managers overuse the autocratic style.

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Is the South African post office a natural or artificial monopoly?motivate​
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Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou
Alekssandra [29.7K]

Answer:

$4,455

Explanation:

The computation of total decrease in earnings (pretax) in Morris Dec. 31, 2021, income statement is given below:-

Interest expense upto 31 Dec 2021 = (Total present value of lease payment - Lease payment on July 1, 2021) × 6% × 6 ÷ 12

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= $1,530

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= $58,500 ÷ 10 × 6 ÷ 12

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So, the total decrease in earnings (pretax) in Morris Dec. 31, 2021, income statement = Interest expense upto 31 Dec 2021 + Depreciation expense upto 31 Dec 2021

= $1,530 + $2,925

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3 years ago
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