Business, 14.11.2019 20:31 makeithappen60
Tucson fruits leased farm equipment from barr machinery on july 1, 2011. the lease was recorded as a sales-type lease. the present value of the lease payments discounted at 10% was $40.5 million. ten annual lease payments of $6 million are due at the beginning of each year beginning july 1, 2011. barr had purchased the equipment for $33 million. what amount of interest revenue from the lease should barr report in its 2011 income statement?
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Tucson fruits leased farm equipment from barr machinery on july 1, 2011. the lease was recorded as a...
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