Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 14.00

buildings to Anderson Ltd.

Owing to low liquidity, Lisa Ltd decides on 1 July 2015 to sell its land and buildings to Anderson Ltd. The carryingvalues of the land and buildings in the books of Lisa Ltd, at 1 July 2015, are:The land and buildings are sold for $4334 700 (their fair value), with the amount being allocated equally asfollows: Land $2167350 Buildings $2167350Immediately following the sale, Lisa Ltd decides to lease back the land and buildings from Anderson Ltd. Theterm of the lease is 20 years. The implicit interest rate in the lease is 12 per cent. It is expected that thebuildings will be demolished at the end of the lease term. The lease is non-cancellable, returns the land andbuildings to Anderson Ltd at the end of the lease, and requires the following lease payments:Payment on inception of the lease on 1 July 2015 $600000Payment on 30 June each year starting 30 June 2016 $500000There is no residual payment requiredREQUIREDa) Provide the entries for the sale and leaseback in the books of Lisa Ltd as at 1 July 2015.b) Provide the entries for the purchase and lease in the books of Anderson ltd as at 1 July 2015c) Provide the entries in the books of Lisa Ltd as at 30 June 2025.d) Provide the entries in the books of Anderson Ltd as at 30 June 20

Attachments:

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 08:08 PM My Price 14.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)