The residual value guarantee in a lease is? The residual value guarantee in a lease isanswer? FINANCIAL ACCOUNTING]a) Never included in lease liabilityb) Always excluded from lease paymentsc) Included in lease liability at present valued) Only included if provided by lessor

Explanation of Residual Value: Residual value represents the estimated worth of a leased asset at…

Answered: The residual value guarantee in a lease…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following items would not be included in the calculation of the lease liability for a finance lease? A. guaranteed residual value B. executory costs paid by the lessee to a third party C. any payments required for failure to renew or extend the lease D. bargain purchase option
Part 1: New Lease Accounting – using IFRS 16 Leases Effect Analysis. Which payments are to be included in the measurement of lease assets and lease liabilities? Also, discuss the pros and cons of excluding the following payments from the measurement. - Variable lease payments linked to future use or sales - Optional payments relating to lease-extension option when a lessee is not reasonably certain to exercise the option.
1 ) If a lease does not qualify as an operating lease, how will a lessee classify the lease? (I. O Short Term O Capital O Sales-Type O Financing 1
If, as part of the accounting for a lease, the lessee debits an asset and credits a liability, then the lease must be a(n): A. finance lease. B. operating lease. C. operating lease or finance lease. D. none of the above. thanks for help
Which of the following is not included in the lease payments for the purpose of computing the lease liability? A. Fixed payments less any lease incentives receivable B. Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date C. Guaranteed residual value D. Contingent rent based on level of sales
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IFRS(a) What is included in the measurement of (1) the lease liability and (2) the right-ofuse asset?(b) Besides the non-cancelable term of the lease, what are other considerations indetermining the “lease term”?(c) When should a lessee account for a lease modification? What procedures arefollowed?
What is included in the value of the lessor's lease receivable? (l) O the lease payment plus the present value of a guaranteed residual value O the lease payments only O the lease payment plus the present value of an unguaranteed residual value O the lease payments plus the present value of any residual value )
(4) In a lease that is appropriately recorded as a direct-financing lease by the lessor, unearned income A. should be amortized over the period of the lease using the effective interest method. B. should be amortized over the period of the lease using the straight-line method. C. does not arise. D. should be recognized at the lease's expiration. E. None of these answer choices are correct.
See attached picture A) What is the theoretical basis for the accounting standard that requires certain long-term leases to be capitalized by the lessee? Do not discuss the specific criteria for classifying a specific lease as a capital lease.
A lease agreement whereby the lessee recognized rent expense which is always equal to the rent income recognized by the lessor at a given period of time. Group of answer choices Terminating lease Operating lease Finance lease Sale type lease

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The residual value guarantee in a lease is answer? FINANCIAL ACCOUNTING] a) Never included in lease liability b) Always excluded from lease payments c) Included in lease liability at present value d) Only included if provided by lessor