Assignment Financial Accounting [5 points] Green Path Landscaping purchased equipment through a 5-year capital lease. Annual payments are $12,000, and the implicit interest rate is 6%. Calculate the present value of the lease (using PVA factor of 4.2124 for 5 years at 6%). Round your answer. a) $50,549 b) $51,600 c) $49,800 d) $52,300
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![Assignment Financial Accounting [5 points]
Green Path Landscaping purchased equipment through a 5-year capital
lease. Annual payments are $12,000, and the implicit interest rate is 6%.
Calculate the present value of the lease (using PVA factor of 4.2124 for 5
years at 6%). Round your answer.
a) $50,549
b) $51,600
c) $49,800
d) $52,300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83b64e50-b0c6-4b88-9a13-86874156f8f5%2F9ebff035-dbba-4c16-aed0-6ef833a13417%2Fzvl0sho_processed.jpeg&w=3840&q=75)
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- AnsSolve this Accounting problemFinance Q.4- The Nail Inc. wishes to acquire a $100,000 wood cutting machine, which it plans to use for seven years. At the end of this time, the machine's residual value will be $24,000. The asset falls into the five-year property class for cost recovery (depreciation) purposes. The company can use either a "true" lease or debt financing. Lease payments of $16,000 at the beginning of each of the seven years would be required. If debt-financed, the interest rate would be 14 percent, and debt payments would be due at the beginning of each of the eight years. (Interest would be amortized as a mortgage- type of debt instrument.) The company is in a 40 percent tax bracket. Which method of financing has the lower present value of cash outflows?
- ManjiAccurate AnswerHomework 1 of Chapter 15. Q1. Python Company leased equipment from Hope Leasing on January 1, 2020. Hope recently purchased the equipment at a cost of $222,664. Other information: Lease term Annual payments Life of asset Fair value of asset 3 years $80,000 on January 1 each year 3 уears $222,664 8% 8% Implicit interest rate Incremental rate There is no expected residual value. Required: 1) Show how Hope determined the $80,000 annual lease payments. Fair Value: 3 aaa, o loH - Present Valuee 2) Prepare appropriate journal entries for Hope for 2020 and 2021. Round your answers to the nearest whole dollar amounts. Prepare an amortization schedule for Hope. Outstanding Balance (lease receivable) 222. tolo4 Effective Interest Revenue Decrease in Balance Date Cash Payments 1/1/2020 1/1/2020 12/31/2020 12/31/2021 80.000 80.000 $0.000 gross lease investment
- question on the picAt the beginning of current year, Panorama Company leased a building form a lessor with the following pertinent information Annual rental payable at the end of each year 1,000,000 Initial direct cost paid 400,000 Lease incentive received 100,000 Leasehold improvement 200,000 Purchase option that is reasonably certain to be exercised 500,000 Lease term 5 years Useful life of building 8 years Implicit interest rate 10% PV of an ordinary annuity of 1 for 5 periods at 10% 3.79 Present value of 1 for 5 periods at 10% 0.62 1. What is the cost of the right of use asset? a. 4,500,000 b. 4,400,000 c. 4,700,000 d. 4,600,000 2. What is the depreciation for current year? a. 880,000 b. 900,000 c. 550,000 d. 575,000 3. What is the interest expense for current year? a. 410,000 b. 379,000 c. 450,000 d. 429,000dont give answer in image format
- No AI ANSWERAppendix One (Construct or lease)Objective: Should WLW lease or construct their own production facilityOption 1: ConstructCosts to incur:Buying land, construct building and getting ready for use$ 360,000Taxes, insurance, and repairs (per year) $ 34,000Intended years of use 20Projected market value in 20 years $ 1,600,000Maximum down payment WLW can make $ 500,000Remainder in four payments of; $ 160,000Revenue opportunityBuilding annex will be leased to a tenant and will generate a lease revenue (per year) for 10 years $60,000Option 2: Lease Intended years of use 20First lease payment due now $ 90,000Rest of the lease payments (years 2-20) $ 90,000Operating costs to be paid by WLWRepairs (annual) $ 9,000Maintenance (annual) $ 26,000Initial one-time deposit, will be returned in year 20$ 40,000Required rate of return 15%Methodology:The consulting team is proposing to perform a NPV analysis and determine the benefit to leasing or construction.Based on the analysis, they will recommend the…Construct the amortization schedule for a $14,000.00 debt that is to be amortized in 10 equal semiannual payments at 6% interest per half-year on the unpaid balance. Fill out the amortization schedule below. Round all values to the nearest cent. Unpaid Payment Payment Interest Balance |Unpaid Balance Number Reduction 1 $ $ 2 $ $ EA