Business, 08.10.2019 05:20 carter1809
Skysong corporation recorded a right-of-use asset for $336,600 as a result of a finance lease on december 31, 2016. skysong’s incremental borrowing rate is 12%, and the implicit rate of the lessor was not known at the commencement of the lease. skysong made the first lease payment of $56,404 on on december 31, 2016. the lease requires 9 annual payments. the equipment has a useful life of 9 years with no residual value.
Answers: 1
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Skysong corporation recorded a right-of-use asset for $336,600 as a result of a finance lease on dec...
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