[CFA level 1模拟真题]Version 4 Questions－Q25 equipment, principles, accounting, class

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Q25, Assume U,S.GAAP (generally accepted accounting principles) applies unless otherwise noted.

A capital lease requires rental payments of $2,000 annually. Fair value of the leased equipment at inception of the lease is $10,000 and the implicit interest rate is 12 percent. If the present value of the least equals the faire value of the equipment at inception of the lease, the amount the lessee should record as interest expense in the second year of the lease is closest to:

A. $960

D. $1,054

C. $1,104

D. $1,200

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答案和详解如下：

Q25   C   07 Modular Level I, Vol.1, pp 565-567   Study Sessions 10-46-b

$10,000(0.12)=$1,200 interest expense in first year. $2,000 payment. $1,200 interest=$800 principal reduction. $10,000.$800=$9,200 balance at beginning of second year. $9,200(0.12)=$1.,104 interest expense in second year.

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