Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exhibit 6.3 zribi company: lease amortization sche

Exhibit 6.3 Zribi Company: Lease Amortization Schedule (Annuity Due Basis) Date Annual Lease Executory Interest...

80.2K

Verified Solution

Question

Accounting

image

Exhibit 6.3 Zribi Company: Lease Amortization Schedule (Annuity Due Basis) Date Annual Lease Executory Interest on Net Net Investment Net Payment (a) Costs (b) Investment at Recovery (d) Investment 10% (c) 1/1/96 $50,000.00 1/1/96 $ 14,990.81 $3,000.00 $-------- $11,990.81 $38,009.19 1/1/97 $ 14,990.81 $3,000.00 $3,800.919 $ 8,189.891 $29,819.299 1/1/98 $ 14,990.81 $3,000.00 $2,981.929 $ 9,008.881 $20,810.418 1/1/99 $ 14,990.81 $3,000.00 $2,081.041 $ 9,909.769 $10,900.700 1/1/00 $ 14,990.81 $3,000.00 $1,090.064 $10,900.700 $-----0--- $ 75,954.05 $15,000.00 $9,953.953 $50,000.00 (a) Required lease payments producing 10% return on net investment (b) Executory costs paid by the lessee and included in the rental payments (c) Column (e) at the beginning of the year X 10% (except for 1/1/96) (d) (a) - (b) - (c) (e) Preceding balance - (d)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students