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rewona [7]
3 years ago
6

An operating lease has unequal payments over the lease term. During the first year, the payment is $14,000; total payments over

the five-year lease term are $120,000. Based on the present value of the total lease payments and the implicit interest rate, interest expense incurred during the first year is $6,000. Amortization of the right-to-use asset for year 1 should be:
Business
1 answer:
Angelina_Jolie [31]3 years ago
4 0

Answer: $8000

Explanation:

Amortization refers to the practice whereby the cost of an intangible asset is spread over the useful life of the asset. Amortization is used to lower the book value of an intangible asset or loan over a particular period of time.

Based on the information given in the question, the amortization of the right-to-use asset for year 1 should be:

= Installment - Interest

= $14000 - $6000

= $8000

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Normative and positive statements
Gekata [30.6K]

Answer:

Normative

Positive

Normative

Positive

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.  

For example, the statement , In some circumstances, if taxes are lowered,

government revenues actually increase, can be tested and it has it basis in economic theory

Normative economics is based value judgements, opinions and perspectives. For example, the statement - taxes are too high - is based on opinion. To some it is too high while to others it would be too low

8 0
3 years ago
Taxpayers over 65 can only deduct expenses that are greater than 7.5% of adjusted gross income for
ElenaW [278]
The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income. 
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3 years ago
What percent of customers bought anything from the last catalog? 2. what was the average $ order size bought from the last catal
denpristay [2]

<span>1.       </span>What percent of customers bought anything from the last catalog?

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7 0
3 years ago
__________ is a form of warehousing that combines classic warehouse operations with light manufacturing and packaging duties to
vladimir2022 [97]

Answer:

Postponement  warehousing,

Explanation:

Postponement  warehousing, is form of warehousing that combines  classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment.

hub and spoke, consists of one hub (central location), at which the warehouse is located and it is transported to different locations through routes called spokes.

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5 0
3 years ago
Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionate, liquidating distribution of $16,000 ca
zavuch27 [327]

Answer:<u><em> The amount and character of Daniela's gain or loss from the distribution will be $0.</em></u>

Explanation:

Given : Daniela is a 25% partner in the JRD Partnership, liquidating distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and accounts receivable with a fair value of $8,000.

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3 years ago
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