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Category > Business & Finance Posted 02 Aug 2017 My Price 11.00

Windom Co.

Windom Co. as lessee records a capital lease of machinery on January 1,2008. The seven
annual lease payments of $350,000 are made at the end of each year. The present value of
the lease payments at 10% is $1,704,000. Windom uses the effective-interest method of
amortization and the sum-of-years'-digits depreciation (no residual value).
Instructions
a)Prepare an amortization table for 2008 and 2008
b)Prepare all of Windom's journal entries for 2008

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Status NEW Posted 02 Aug 2017 06:08 PM My Price 11.00

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