0 to restore in 2018. T
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
2015/01/01, A company rent a place for $4,000,000. The place help the company make connection with supplier like transport materials. A company decide change the place, to suit the company. And A company will restore the place after 3 year lease. The rental has been record, but still need to record cost of restore. A company consider cost about $500,000 to restore in 2018. The interest is 3%, the PV of lease day was around $560,000.
Tax rate 30%
Number of share 1,000,000 per for $1, and sold 800,000
Make any Adjusting entry change below.
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