Best UK USA UAE Australia Canada China Finance Lease Case Study Help Analysis With Solution Service Online
On July ,Tom Ltd acuired an item of plant for & . On teh saem date, Cherry Ltd entered into a lease agreemtn with Jerry ltd in relation to the asset. According to teh lease agreement, Jerry has agreed to pay $12,000 immedaitely,with a further two payments of $12,000 on July 2011 and 1 July 2012.
At 30 June 2013, the asset is to be returned tot eh lessor and its residual value is expected to be $5,000. Jerry ltd has agreed to guarantee the expected residual value at 30 June 2013. All insurance and maintenace costa are to be paid by Tom ltd and anre expeceted to amount to $2,000 p.a. The costs of preparing the lease agreement amounted to $360. The interest rate implicit in the lease is 9%. The lease is classified as a fianace lease. Plant is deperciated ona straight line basis.
a) Prepare a schedule of lease receipts for Tom and journal receipts for the year ended 30 June 2011
b) Prepare a schedeule fo receipts for Jerry Ltd and journal entries for the year ended 30 June 2011.
How it Works
How It works ?
Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id firstname.lastname@example.org with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id email@example.com and firstname.lastname@example.org must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Features for Assignment Help
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.
All our works are kept as confidential as we respect the integrity and privacy of our clients.
- Physics Assignment Help
- Chemistry Assignment Help
- Engineering Assignment Help
- Psychology Assignment Help
- Online exam Help
- Marketing Assignment Help
- Arts Assignment Help
- Sociology Assignment Help
- Project Management Assignment
- Case Study Help
- Nursing Assignment Help
- Research Assignment Help
- Operations Management Assignment help
- Accounting Assignment Help
- Biology Assignment Help
- Mathematics Assignment Help
- English Assignment Help
- Business Plan Help
- Essay Writing Help
- Human Resource Assignment Help
- Accounting Homework Help
- Computer Science Assignment Help
- Finance Assignment Help
- Economics Assignment Help
- Statistics Homework Help
- Management Assignment Help
- Strategy Management Assignment Help
- Auditing Assignment Help
- Information Management Assignment Help
- Online Assignment Writing help
- Best Assignment Help
- Humanities Assignment help
- Corporate Finance Assignment help
- Financial Management Assignment Help
- Supply Chain Management Assignment Help
- Taxation Homework Help
- MBA operations management assignment help
- History Assignment help
- Geography Assignment Help
- Anthropology Assignment help
- Archaeology Assignment help
- Counselling assignment help
- Criminology assignment help
- Linguistics Assignment Help
- Architecture Assignment Help
- Philosophy Assignment Help
- Physics and Astronomy Assignment Help
- Physiotherapy Assignment Help
- Politics Assignment Help
c)I Jerry Ltd guaranteed a rsidual value of $4,000, prepare lease schedule for both leasee and lessor.
d) Instead of acquiring the asset for $31,500, assume that Ton Ltd manufactured the asset at a cost $30,500 before enterign to the lease agreement wirh Jerry Ltd. Prepare a lease of receipts for Tom Ltd and the journal entries for the year ended 30 June 2011.
e) Assme that Jerry Ltd manufactured the assets and the plant itself cost $30,500 and sold the plant to Tom Ltd for $32,500. Jerrry Ltd then lease it back under th eoriginal terms of the finance lease, with Jerry Ltd guranteeing a residual value of $4,000. Prepare a lease schedule for both the leasee and the lessor for the year ended 30 June 2011.
Product Code: Fin-ch-305
Looking for Finance Lease Case Study Help Analysis With Solution, please submit your details here with product code mentioned above.