Business, 30.10.2019 07:31 mrsqueenbabe516
1. show how rhone-metro calculated the $200,000 annual lease payments. 2. how should this lease be classified (a) by western soya co. (the lessee) and (b) by rhone-metro industries (the lessor)? 3. prepare the appropriate entries for both western soya co. and rhone-metro on december 31, 2018. 4. prepare an amortization schedule(s) describing the pattern of interest over the lease term for the lessee and the lessor. 5. prepare the appropriate entries for both western soya and rhone-metro on december 31, 2019 (the second lease payment and amortization). 6. prepare the appropriate entries for both western soya and rhone-metro on december 31, 2022, assuming the equipment is returned to rhone-metro and the actual residual value on that date is $1,000.
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1. show how rhone-metro calculated the $200,000 annual lease payments. 2. how should this lease be c...
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