Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Delaney company leases an automobile with a fair value

11/10/2021 Client: muhammad11 Deadline: 2 Day

E21-2 Pat Delaney Company Leases An Automobile With A Fair Value Of $8,725 From John Simon Motors, Inc., O

E21-2 Pat Delaney Company leases an automobile with a fair value of $8,725 from John Simon Motors, Inc., on the following terms.

1. Noncancelable term of 50 months.

2. Rental of $200 per month (at end of each month). (The present value at 1% per month is $7,840.)

3. Estimated residual value after 50 months is $1,180. (The present value at 1% per month is $715.) Delaney Company guarantees the residual value of $1,180.

4. Estimated economic life of the automobile is 60 months.

5. Delaney Company’s incremental borrowing rate is 12% a year (1% a month). Simon’s implicit rate is unknown.

What is the present value of the minimum lease payments?

The present value of the minimum lease payments $

(a) Record the lease on Delaney Company’s books at the date of inception. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit



(b) Record the first month’s depreciation on Delaney Company’s books (assume straight-line). (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 15.)

Account Titles and Explanation

Debit

Credit



(c) Record the first month’s lease payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 15.)

Account Titles and Explanation

Debit

Credit

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Assignment Hut
Solution Provider
Pro Writer
A+GRADE HELPER
WRITING LAND
Financial Analyst
Writer Writer Name Offer Chat
Assignment Hut

ONLINE

Assignment Hut

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$29 Chat With Writer
Solution Provider

ONLINE

Solution Provider

I have read your project details. I can do this within your deadline.

$42 Chat With Writer
Pro Writer

ONLINE

Pro Writer

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$50 Chat With Writer
A+GRADE HELPER

ONLINE

A+GRADE HELPER

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$29 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$41 Chat With Writer
Financial Analyst

ONLINE

Financial Analyst

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$31 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Humn 8660 - William hartnett's a smoke backstage - Middle school get me outta here summary - Week 7 discussion - A dog's tale mark twain analysis - Quality and safety in nursing wgu - Access module 5 sam project 1 - Brookville carriers nova scotia - Genuine vw amarok tub liner - Analysis - Aldridge & district dog training club - Ed masry law firm - Ron williamson good morning america - Animal farm boxer death quotes - Me2u credit transfer optus - Week 5 forum 1 Jada - American government readings and cases sparknotes - PAPER – SENSITIVITY ANALYSIS – CONSTRUCTION PROJECT MANAGEMENT - 200000 mb to gb - King lear cordelia death scene - Multifactor leadership questionnaire rater form mlq rater form - Methods for discussing ethical disagreements productively - Week 6 research article critique paper - Condensation polymer examples teflon - Discussion - How does the american deaf community benefits from the ada - Provisional balance sheet excel format - How the smartphone destroyed a generation - Human sexuality diversity in contemporary america 9th edition free pdf - Public sector accounting objectives questions and answers - Accuweather somerville ma - An acpi power object failed to transition state - Cargill salt freedom ok - Aro ka juice - Diploma of loss adjusting - Fixed wing flight helmet - Billy hyde drum kit price - Iowa corn checkoff refund form r18 - Diebold technical support interview questions - Skills approach to leadership northouse - Cnss security model in information security - Abandoned mines frequently fill with water - Write a completing story grasp all lose all - Significant figures practice problems - 7 stages of grieving sparknotes - Rmit easycite - Rig veda creation hymn summary - Partial functional dependency example - Class 5 finish plasterboard - Lockwood mortice locks catalogue - Short circuit capacity 3871 type 2 - Apollo shoes case assignment answers - Self determination theory quizlet - A view from the bridge cherokee paul mcdonald analysis - Aft2 task 4 staffing plan - A JOURNAL AND A DB - The role of the educational leader - 9_12 mathematics geometry interim 2 answers - Empirical formula and molecular formula worksheet answers - Lpi online 360 assessment - Teesside university email login - Keg king font fan - 3 8 bspt drill size - Peak construction sdn bhd - Allama iqbal open university courses - Joe the horse salvati - Zara harvard business case study - 632lastd1 - Network security first step 2nd edition pdf - Kouzes and posner pdf - Hsc chem reference sheet - Hrm at global perspective challenges - Txt retail merchandise planning - Discussion 5 - Chemistry planning question o level - WEEK 9 DISCUSSION - Detailed class diagram example - Clawson's diamond model of leadership - Western governors university nursing program - Youtube budweiser lost dog commercial - Response DB 1 - Separates financial information into time periods for reporting purposes - Discussion Board Unit 4 - But yesterday the word of caesar might - Power point presentation - Campbell st primary school - Need in 12-rs - Onion cell light microscope - 946 bus timetable bankstown to roselands - Civil war study guide answer key - List of human bones alphabetical - Basic requirements of teaching - Melting point of tetradecanol - Eastern michigan university murders 1967 - Culture in international business - A green disc found in palisade cells - Memory Revised - Not all companies are viewed as equal - Difference between military and professional bearing - Importance of record keeping in poultry production