それは、Gross Receivable - Fair Value of the item(これがコストに値する）＝Interest Revenue
Glade Co. leases computer equipment to customers under direct-financing leases. The equipment has no residual value at the end of the lease, and the leases do not contain bargain-purchase options. Glade wishes to earn 8% interest on a 5-year lease of equipment with a fair value of $323,400. The present value of an annuity due of $1 at 8% for five years is 4.312. What is the total amount of interest revenue that Glade will earn over the life of the lease?
- $ 51,600
- $ 75,000
EquipmentのFairvalue 323400に、Present Value of annuity due 4.312を割り算すると、
75000ｘ5＝375000 がGross Receivableとなる。
Gross ReceivalbeからFair Value of the equipmentを引くと、
375000－323400＝51600 Interest Revenueとなる。
Farm Co. leased equipment to Union Co. on July 1 of the current year and properly recorded the sales-type lease at $135,000, the present value of the lease payments discounted at 10%. The first of eight annual lease payments of $20,000 due at the beginning of each year was received and recorded on July 3, this year. Farm had purchased the equipment for $110,000. What amount of interest revenue from the lease should Farm report in its current year income statement?
115000 x 5% =5750