Homework Help is Here – Start Your Trial Now!
Business
Accounting
Amortization schedule. Principal Repayment [4=2-3] 88,768.32 95,869.79 103,539.37 Beginning Book Ending Book Year ended Annual Payment Finance Cost Value Value [3=a*8%] 32,000.00 24,898.53 17,228.95 8,945.80 [1) 400,000.00 [2] 120,768.32 120,768.32 [5-1-4] 311,231.68 215,361.89 111,822.52 2 311,231.68 215,361.89 111,822.52 Total 120,768.32 120,768.32 483,073.29 4 111,822.52 400,000.00 0.00 83,073.29

Amortization schedule. Principal Repayment [4=2-3] 88,768.32 95,869.79 103,539.37 Beginning Book Ending Book Year ended Annual Payment Finance Cost Value Value [3=a*8%] 32,000.00 24,898.53 17,228.95 8,945.80 [1) 400,000.00 [2] 120,768.32 120,768.32 [5-1-4] 311,231.68 215,361.89 111,822.52 2 311,231.68 215,361.89 111,822.52 Total 120,768.32 120,768.32 483,073.29 4 111,822.52 400,000.00 0.00 83,073.29

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
How do I get the beginning book value for the second year, third year and the fourth year??
Amortization schedule. Beginning Book Principal Ending Book Year ended Annual Payment Finance Cost Value Value [1] 400,000.00 311,231.68 215,361.89 111,822.52 Total [2] 120,768.32 120,768.32 120,768.32 120,768.32 [3=a*8%] 32,000.00 24,898.53 17,228.95 8,945.80 Repayment [4=2-3] 88,768.32 95,869.79 103,539.37 111,822.52 400,000.00 [5=1-4] 311,231.68 215,361.89 111,822.52 1 4 0.00 483,073.29 83,073.29
Transcribed Image Text:Amortization schedule. Beginning Book Principal Ending Book Year ended Annual Payment Finance Cost Value Value [1] 400,000.00 311,231.68 215,361.89 111,822.52 Total [2] 120,768.32 120,768.32 120,768.32 120,768.32 [3=a*8%] 32,000.00 24,898.53 17,228.95 8,945.80 Repayment [4=2-3] 88,768.32 95,869.79 103,539.37 111,822.52 400,000.00 [5=1-4] 311,231.68 215,361.89 111,822.52 1 4 0.00 483,073.29 83,073.29
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS