the $31277 includes the sales tax? if not , the

FMV should include the sales tax:31277*(1+8.75%).

now you have FMV, you need the interest rate to determine the PV. PV=annual payment*present value of annuity due of 1 for 5 period 60/12= 5year. then choose the lower of FMV and PV of minimum lease payment as lease liability.

If both of ur company and the lessor donot know the interest rate, you can search the interest rate of the market when your company bought it.(you should tell ur boss about ur decision about the rate and ask his advice).

then you can have the following schedule:

line 1:date annual lease payment interest payment of lease lease liability

under those items , u can easily put the number under it.

the total payment of lease should equal the beginning liability.

I assumed the $716.93 is yearly payment, and no other expenses such as shipping, insurance, installation, maintenance, etc incurred?

所有跟帖： 

• al l u need is the interest rate now. then -fanfan88- ♀ (418 bytes) () 09/22/2008 postreply 16:56:50

• ok i give u an example: -fanfan88- ♀ (934 bytes) () 09/22/2008 postreply 17:32:29

• i cannot write them in one line. u can merge all the line 1 -fanfan88- ♀ (39 bytes) () 09/22/2008 postreply 17:34:14

• by the way, i think the lease of ur company does not bear any in -fanfan88- ♀ (236 bytes) () 09/22/2008 postreply 18:02:31

• use this table to find the PV of an annuity due of 1 -fanfan88- ♀ (170 bytes) () 09/22/2008 postreply 17:03:22