WhatsApp +1 (332) 244-5747

Neal Report

Get your custom paper done at low prices

Y

275 words/page

Y

Double spacing

Y

Free formatting (APA, MLA, Chicago, Harvard and others)

Y

12 point Arial/Times New Roman font

Y

Free title page

Y

Free bibliography & reference

Neal Corp. entered into a 9-year capital lease on a warehouse on December 31, Year 4. The land and building are capitalized as a single unit. Lease payments of $52,000, which include real estate taxes of $2,000, are due annually, beginning on December 31, Year 5, and every December 31 thereafter. Neal does not know the interest rate implicit in the lease; Neal’s incremental borrowing rate is 9%. The rounded present value of an ordinary annuity for 9 years at 9% is 5.6. What amount should Neal Report as capitalized lease liability at December 31, Year 4?

TESTIMONIALS

What Students Are Saying

Outstanding service, thank you very much.

Undergraduate Student

English, Literature

Awesome. Will definitely use the service again.

Master's Student

Computer Science