Class7 - Capital Lease

Class7 - Capital Lease - Obligation during the period...

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Lease payment 10,000 Market rate 10% Number of Lease payments 6 1-Jan-00 47,907.87 0 10,000 37,908 1-Jan-01 37,908 3,791 10,000 31,699 -6,209 1-Jan-02 31,699 3,170 10,000 24,869 -6,830 1-Jan-03 24,869 2,487 10,000 17,355 -7,513 1-Jan-04 17,355 1,736 10,000 9,091 -8,264 1-Jan-05 9,091 909 10,000 0 -9,091 2000 7,985 7,985 39,923 2001 7,985 15,969 31,939 2002 7,985 23,954 23,954 2003 7,985 31,939 15,969 2004 7,985 39,923 7,985 2005 7,985 47,908 0 1 11,775 10,000 2 11,155 10,000 3 10,471 10,000 4 9,720 10,000 5 8,894 10,000 6 7,985 10,000 60,000 60,000 BB of Lease Obligation Interest Expense Lease payment EB of Lease Obligation Change in Lease
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Unformatted text preview: Obligation during the period Amortization Expense during the year Acc. Amortization at end of year Net Book Value of Leased Asset Total expense under capital lease Expense under operating lease 31,699 6,209 10,000 24,869 6,830 1 9,091 17,355 7,513 2 8,264 9,091 8,264 3 7,513 9,091 4 6,830 5 6,209 Total PV 47,908 Annuity due multiplier 4.79079 Long Term Lease Liability at end of period Current Portion of Lease Liability at end of period PV of each payment...
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Class7 - Capital Lease - Obligation during the period...

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