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Leases: Example 2 page 90 Giedruola

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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April 5, 2017 at 6:37 pm #380209
isabellecharis
Member
- Topics: 2
- Replies: 0
i would just like to know If I am on the right track while calculating the interest charges
Fair Value 16,000
Deposit 1910
01 Jan 09 14090
pay 01 July 09 1500
12590
int to 1 jan 10 1259
13849
pay 1 jan 10 1500
12349
int to 01 Jul 10 1235
13584
pay 01 Jul 10 1500
Obligation 12084
April 6, 2017 at 8:06 pm #380476
MikeLittle
Keymaster
- Topics: 27
- Replies: 23214
What happened to interest to 1 July 09? There should be 705 for that half year’s interest
Otherwise you’re going the right way.
Is the printed solution not clear enough?
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