Present value for lease accounting
[DOC File]Chapter 7: Net Present Value and Capital Budgeting
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The company will enter into a long-term lease to commercial tenants, with payments made annually. The building will be fully depreciated over 20 years via the straight-line method. In addition, the market value of the building will be zero at that time. The annual lease …
[DOC File]FINANCIAL ACCOUNTING - CSUN
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You can use present value computations in measuring several items. For example, they can be used to compute the present value of the principal and interest payments to determine the market price of a bond. In addition, determining the amount to be reported for notes payable and lease liability involves present value …
[DOCX File]Middle East Technical University
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Annuity tables indicate that the present value of an annual lease rental of $1 (at 8% rate) is $3.993 (three dollars and 99.3 cents). The fair value of leased equipment equals the present value of the rentals. Assume the lease …
[DOCX File]Muinicipal GAAP Notes to Financial Statements
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At the commencement of a lease, the Municipality initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease …
[DOC File]Leases (GRAP 13)
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Example 15.7 – Accounting for a finance lease by a lessor Protea Municipality leased its road maintenance equipment to a service provider under a finance lease. The value of the equipment is R100 000 and the lease terms include a guaranteed residual value of R5 000 which will be received at the end of the lease …
[DOC File]THE FINANCIAL REPORTING FRAMEWORK FOR SMALL- AND …
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The residual value at the end of the lease term is the fair market value of the vans; there is no bargain purchase option. This lease is classified as an operating lease because the risks and rewards of …
[DOC File]International Accounting Standard 17
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The interest rate implicit in the lease is the discount rate that, at the inception of the lease, causes the aggregate present value of (a) the minimum lease payments and (b) the unguaranteed residual value to be equal to the sum of (i) the fair value …
[DOC File]Chapter 13 Current Liabilities
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* Present value of $1: n = 5, i = 6% ** Present value of an annuity due of $1: n = 5, i = 6%. Brief Exercise 15–13 ( bargain purchase option) Amount to be recovered (fair value) $700,000 Less: Present value of the residual value ($100,000 x .82270*) (82,270) Amount to be recovered through periodic lease …
[DOCX File]Statutory Accounting Principles Working Group
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Recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position. Recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease …
[DOCX File]ESDAM Chapter 5 - Wa
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The lease agreement qualifies as a capital lease for accounting purposes; therefore, it has been recorded at the present value of their future minimum lease payments as of the inception date. Assets …
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