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    Soal Latihan Sewa - Rahma

    Uploaded by

    Alya DR
    The document contains two sample lease agreement problems. The first problem involves a company, Eubank, leasing equipment for 4 years at annual payments of €978,446. It asks to prepare journal entries on July 1 and December 31 of 2022 and 2023 related to the lease. The second problem involves a company, Wildcat, selling equipment to a finance company for £1,700,000 and leasing it back for 3 years at annual payments of £277,635. It asks to prepare journal entries for 2022 for both Wildcat as the lessee and the finance company as the lessor to reflect the sale and leaseback agreement.

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    Soal Latihan Sewa - Rahma

    Uploaded by

    Alya DR
    203 views3 pages
    The document contains two sample lease agreement problems. The first problem involves a company, Eubank, leasing equipment for 4 years at annual payments of €978,446. It asks to prepare journal entries on July 1 and December 31 of 2022 and 2023 related to the lease. The second problem involves a company, Wildcat, selling equipment to a finance company for £1,700,000 and leasing it back for 3 years at annual payments of £277,635. It asks to prepare journal entries for 2022 for both Wildcat as the lessee and the finance company as the lessor to reflect the sale and leaseback agreement.

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    The document contains two sample lease agreement problems. The first problem involves a company, Eubank, leasing equipment for 4 years at annual payments of €978,446. It asks to prepare journal entries on July 1 and December 31 of 2022 and 2023 related to the lease. The second problem involves a company, Wildcat, selling equipment to a finance company for £1,700,000 and leasing it back for 3 years at annual payments of £277,635. It asks to prepare journal entries for 2022 for both Wildcat as the lessee and the finance company as the lessor to reflect the sale and leaseback agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    203 views3 pages

    Soal Latihan Sewa - Rahma

    Uploaded by

    Alya DR
    The document contains two sample lease agreement problems. The first problem involves a company, Eubank, leasing equipment for 4 years at annual payments of €978,446. It asks to prepare journal entries on July 1 and December 31 of 2022 and 2023 related to the lease. The second problem involves a company, Wildcat, selling equipment to a finance company for £1,700,000 and leasing it back for 3 years at annual payments of £277,635. It asks to prepare journal entries for 2022 for both Wildcat as the lessee and the finance company as the lessor to reflect the sale and leaseback agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Soal Latihan Sewa,

    Boleh dikerjakan di excel kalau mau

    Soal 1
    Eubank Company, as lessee, enters into a lease agreement on July 1, 2022, for equipment.
    The following data are relevant to the lease agreement:
    1. The term of the noncancelable lease is 4 years. Payments of €978,446 are due on July 1
    of each year, beginning on July 1, 2022.
    2. The fair value of the equipment on July 1, 2022 is €3,500,000. The equipment has an
    economic life of 6 years with no salvage value.
    3. Eubank depreciates similar machinery it owns on the sum-of-the-years’-digits basis.
    4. The lessee pays all executory costs.
    5. Eubank’s incremental borrowing rate is 10% per year. The lessee is aware that the lessor
    used an implicit rate of 8% in computing the lease payments (present value factor of an
    ordinary annuity for 4 periods at 8%, 3.57710; at 10%, 3.48685).

    Instructions

    Prepare the journal entries on Eubank’s books that relate to the lease agreement for the
    following dates: (Round all amounts to the nearest dollar. Include a partial amortization
    schedule.)
    1. July 1, 2022.
    2. December 31, 2022.
    3. July 1, 2023.
    4. December 31, 2023.
    Soal 2
    Assume that on January 1, 2022, Wildcat Corporation sells equipment to Wichita Finance
    Co. for £1,700,000 and immediately leases back the equipment. The relevant information is
    as follows.
    1. The equipment was carried on Wildcats books at a value of £1,500,000.
    2. The term of the non-cancelable lease is 3 years; title will not transfer to Wildcats, and the
    expected residual value at the end of the lease is £1,125,000, all of which is
    unguaranteed.
    3. The lease agreement requires equal rental payments of £277,635 at the beginning of
    each year.
    4. The incremental borrowing rate for Wildcat is 7%. Wildcat is aware that Wichita Finance
    set the annual rental to ensure a rate of return of 7%.
    5. The equipment has a fair value of £1,700,000 on January 1, 2022, and an estimated
    economic life of 10 years.

    Instructions
    Prepared the journal entries for both the lessee and the lessor for 2022 to reflect the sale
    and leaseback agreement
    Jawaban :

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