smartgirl143
16.10.2019 •
Business
Mafaldine routinely leases equipment of this nature. sagnette has no other leased equipment. sagnette amortizes the liability using the effective interest method. neither entity considers the 3- year lease term to be a major portion of the asset’s life. nor do they consider the present value of the lease payments to be substantially all of the asset’s value. considering only the above information, what amount of non-debt liability should sagnette report in its december 31, 2019 balance sheet?
a. $0b. $188,680c. $225,000d. $185,194
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Ответ:
A plant asset is an asset with a useful life of more than one year that is used in producing revenues in a business's operations. Plant assets are also known as fixed assets.
Plant assets are recorded at their cost and depreciation expense is recorded during their useful lives.
Plant assets (other than land) are depreciated over their useful lives and each year's depreciation is credited to a contra asset account Accumulated Depreciation.
Explanation: