In this session, I work an example illustrating the accounting entries for the lessee. ✅For more visit: www.farhatlectures.com #cpaexam #cpareview #accountingstudent
I cannot thank you enough for uploading this video. I'd spent hours searching allover the internet how the lease accounting works, and had been stressed out that I couldn't quite get the infnormation I wanted. This video solved my question. Thank you so much!
When the lease ends, we will have a balance in that account (exactly the same amount that of the Interest on liability)… is it correct to have that open balance in the Lease Liability account at the end of the lease period? Do we have to do another treatment with this balance?
I cannot thank you enough for uploading this video. I'd spent hours searching allover the internet how the lease accounting works, and had been stressed out that I couldn't quite get the infnormation I wanted. This video solved my question. Thank you so much!
You're very welcome! Thank you and please visit the website for more farhatlectures.com/
When the lease ends, we will have a balance in that account (exactly the same amount that of the Interest on liability)… is it correct to have that open balance in the Lease Liability account at the end of the lease period?
Do we have to do another treatment with this balance?
Where exactly did we get the 4.31213 and 0.68058 ?
Time value table. The assumption is you need to know how time value works. Check my website for additional resources: farhatlectures.com/
Prof, please the annuity factor should be 3.312123