Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1,2021. Edison purchased the...
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Manufacturers Southern leased hightech electronic equipment from Edison Leasing on January Edison purchased the equipment from International Machines at a cost of $FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use appropriate factors from the tables provided.Required:Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January Amortization of the rightofuse asset is recorded at the end of each fiscal year December on a straightline basis.
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