ACC309 Milestone 2 Calculations.pdf - HOME Capital Leases Years 1 2 3 4 5 6 Lease Payment $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $

ACC309 Milestone 2 Calculations.pdf - HOME Capital Leases...

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Capital Leases Years Lease Payment Discount Rate Present Value Discounted Amt 1 20,000.00 $ 0.952381 19,047.62 952.38 $ 2 20,000.00 $ 0.907029 18,140.58 1,859.42 $ 3 20,000.00 $ 0.863838 17,276.76 2,723.24 $ 4 20,000.00 $ 0.822702 16,454.04 3,545.96 $ 5 20,000.00 $ 0.783526 15,670.52 4,329.48 $ 6 20,000.00 $ 0.746215 14,924.30 5,075.70 $ Lease Obligation 101,513.82 Total 18,486.18 $ Present Value 101,513.82 $ Implicit Interest Rate 5% 1 20,000.00 $ 5,075.69 $ 14,924.31 $ 86,589.51 $ Purchase price 101,513.82 2 20,000.00 $ 4,329.48 $ 15,670.52 $ 70,918.99 $ Salvage value - 3 20,000.00 $ 3,545.95 $ 16,454.05 $ 54,464.94 $ Depreciable value
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