Problem 15-9 2010fs - 24,869 Depreciation expense 87,171...

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P15-9 2010 Financial statements LESSEE Balance Sheet item $ Amount Leased equip –noncurr 348,685 Less: Acc. depr. –noncurr (87,171) 261,514 Lease payable-current 82,645 Lease payable-noncurr 90,909 173,554 Prepaid oper. Exp-current 4,000 Income Statement Item $ Amount Interest expense
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Unformatted text preview: 24,869 Depreciation expense 87,171 Operating expense 4,000 LESSOR Balance Sheet item $ Amount Lease receivable-curr 192,336 Curr 80,766 Noncurr 111,570 Payable-current 4,000 Income Statement Item $ Amount Interest revenue 26,576...
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This note was uploaded on 02/20/2009 for the course ACTG 344 taught by Professor Baril,c during the Spring '08 term at James Madison University.

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