Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. this question: 1 pt plessings company leased a pie

This Question: 1 pt Plessings Company leased a piece of machinery...

70.2K

Verified Solution

Question

Accounting

image
This Question: 1 pt Plessings Company leased a piece of machinery to Banana, Inc on January 1, 2019 The lease is comectly classified an a sales-ype lease Plessings will recelve three annual lease payments of $20 200, with the Srst one recelved on January 1, 2019. There is no guaranteed or unguaranteed residual value The fair value of the machine is $50.000 and Plessings incurs ital direct cests of $5 000. What is the implict ate assuming the initial direct cests are deferred? OA 10 55% OB 2293% OC. 501% OD. 10 27%

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

Basic Math
1.2K views

Joanne sells? silk-screened T-shirts at community festivals and craft fairs. Her marginal cost to produce one?...

Basic Math
1.2K views

A random sample of 400 electronic components manufactured by a certain process are tested, and 30...

Calculus
1.2K views

51 54 Find the points on the given curve where the tangent line is horizontal...

Calculus
1.2K views

Tutorial Exercise Use the graph to determine the x values at which fis discontinuous For...

Algebra
1.2K views

9 Find the central angle of a circle given the radius is 5 inches and...

Accounting
1.2K views

The management of Niagara National Bank is considering an investment in automatic teller machines. The...

Accounting
1.2K views

The following was taken from the records of Smith Company in the year ending December...

Accounting
1.2K views

Perpetual Inventory Using FIFO The following units of a particular item were available for sale...

Accounting
1.2K views

Chec 10 Problem: Module 2 Textbook Problem 10 Learning Objective: Module 2.7 Show how different...

Accounting
1.2K views

During the current year, Acme Corporation, a C corporation, had operating income of $435,000, operating...

Accounting
1.2K views

GE Fraud Scandal who involed to the fraud did they have special skill allowed...

Accounting
1.2K views

Which of the following statements is true regarding inventory and accounting methods? Companies using...