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On January 1, 2018, Bently Works leased a piece of machinery from Gomez Bank. The...

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Accounting

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On January 1, 2018, Bently Works leased a piece of machinery from Gomez Bank. The lease is an 13 year, non-cancellable fease that requires annual tease payments of $11,000 due at the beginning of each year. The lease has been determined to be a sales-type capital lease because at least one of the classification criteria has been met Gomez Bank needs to determine the present value of the inception of the lease. Gomez desires/uses an implicit rate of 10% when pricing leases. Complete the following from the perspective of Gomez Bank ab Leo Which of the flower and statement impacted in this transaction The problemi oling for cha The calculation Table Method uta 11000 X 5959 dy! Im Accounts Date of Delivery Debit Credit To record the inception of the um

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