Munchin Manufacturing Company leases an asset to Peter Inc in a sales-type lease. The present value of the lease payments is $400,000 and the cost of the asset is $330,000. At the beginning of the five-year lease term,
a. Munchin should recognize a profit of .
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Ответ:
$70000
Explanation:
Given:
Current value of lease payment = $400000
Real cost of the asset = $330000
Profit at the beginning of the lease term is also the same as the current profit at the present value of lease = $400000 - $330000
= $70000
Ответ:
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Step-by-step explanation:
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