Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 27 Feb 2018 My Price 8.00

Wilson’s incremental

ment calls for Wilson to make quarterly lease payments of $195,774, payable each September 30, December 31, March 31, June 30, with the first payment at September 30, 2016. Wilson’s incremental borrowing rate is 12%. Wilson records depreciation on a straight-line basis at the end of each fiscal year. Wilson recorded the lease as follows:

Required:

What would be the pretax amounts related to the lease that Wilson would report in its statement of cash flows for the year ended December 31, 2016?

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Feb 2018 04:02 PM My Price 8.00

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