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CH 21 - lease receivable or lease liability amortization example

CH 21 - lease receivable or lease liability amortization example

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LEASE RECEIVABLE OR LIABILITY AMORTIZATION SCHEDULE Facts Lease term is five years Discount rate is 7% PV amount is $505,019.94 Amortization Schedule BOM EOM Month amount Principal Interest amount 1 505,019.94 7,054.05 2,945.95 497,965.89 2 497,965.89 7,095.20 2,904.80 490,870.69 3 490,870.69 7,136.59 2,863.41 483,734.10 4 483,734.10 7,178.22 2,821.78 476,555.89 5 476,555.89 7,220.09 2,779.91 469,335.79 6 469,335.79 7,262.21 2,737.79 462,073.59 7 462,073.59 7,304.57 2,695.43 454,769.02 8 454,769.02 7,347.18 2,652.82 447,421.84 9 447,421.84 7,390.04 2,609.96 440,031.80 10 440,031.80 7,433.15 2,566.85 432,598.65 11 432,598.65 7,476.51 2,523.49 425,122.14 12 425,122.14 7,520.12 2,479.88 417,602.02 13 417,602.02 7,563.99 2,436.01 410,038.03 14 410,038.03 7,608.11 2,391.89 402,429.92 15 402,429.92 7,652.49 2,347.51 394,777.43 16 394,777.43 7,697.13 2,302.87 387,080.30 17 387,080.30 7,742.03 2,257.97 379,338.26 18 379,338.26 7,787.19 2,212.81 371,551.07 19 371,551.07 7,832.62 2,167.38 363,718.45 20 363,718.45 7,878.31 2,121.69 355,840.14 21 355,840.14 7,924.27 2,075.73 347,915.88 22 347,915.88 7,970.49 2,029.51 339,945.39 23 339,945.39 8,016.99 1,983.01 331,928.40 24 331,928.40 8,063.75 1,936.25 323,864.65 25 323,864.65 8,110.79 1,889.21 315,753.86 26 315,753.86 8,158.10 1,841.90 307,595.76
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CH 21 - lease receivable or lease liability amortization example

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