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- 2011-7-11
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At the beginning of 2006, Corp enters a finance lease requiring 5 annual payments of 10,000, each beginning on the first day of the lease. Assume interest rate is 8%, the amount of interest expense recognized bu 2006 is....
So I've calculated the liability value of the lease to be 43121
Their solution says to take 43121-10,000 and then x 0.08 = 2649
Whereas I thought it was 43121 x 0.08 = 3450
Can someone please shed some light for me 
Edited 1 time(s). Last edit at Wednesday, April 6, 2011 at 02:54PM by bluejazzy. |
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发表于 2011-7-13 14:54
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