Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000
Answer:
I believe is the correct answer
Explanation:
weather indicator(s)
I think that the answer is "Jobs" or "Careers"
Answer:
11%
Explanation:
The computation of the annual rate of return is shown below:
Annual rate of return = Average annual income ÷average investment
where,
Average investment = (Initial investment + Salvage value) ÷ 2
= ($284,000 + $74,000) ÷ 2
= $179,000
And,
Average annual income is
= $60,490 - $40,800
= $19,690
So, the annual rate of return is
= $19,690 ÷ $179,000
= 11%
We simply applied the above formula
It is a period of time that the loaning company gives you before you have to start repaying the debt.
For instance: After graduating from college, you must start the payments to pay back your loan 3 months after graduation.
