CHAPTER 21 Accounting for Leases SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 21-1 The lease does not meet the transfer of ownership test, the bargain purchase test, or the economic life test [(5 years ÷ 8 years) < 75%]. However, it does pass the recovery of investment test. The present value of the minimum lease payments ($31,000 X 4.16986 = $129,266) is greater than 90% of the FV of the asset (90% X $138,000 = $124,200). Therefore, Callaway should classify the lease as a capital lease.
CHAPTER 21 Accounting for Leases ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis *1. Rationale for leasing. 1, 2, 4 1, 2 *2. Lessees; classification of leases; accounting by lessees. 3, 5, 7, 8, 14 1, 2, 3, 4, 5 1, 2, 3, 5, 7, 8, 11, 12, 13, 14 1, 2, 3, 4, 6, 7, 8, 9, 11, 12, 14, 15, 16 1, 2, 3, 4, 5, 6 *3. Disclosure of leases. 19 2, 4, 5, 7, 8 2, 3, 5 *4. Lessors;
21 HUMANISM AND THE ALLURE OF ANTIQUITY FIFTEENTH-CENTURY ITALIAN ART TEXT PAGES 572-611 1. List three tenants that underlay Italian Humanism: a. b. c. 2. What fifteenth-century German invention facilitated the distribution of books and the knowledge they contained? 3. What was the basis of the wealth of the Medici family? 4. List four roles played by the arts in 15th century Italian princely courts. a. b. c. d. FLORENCE 1. Name the two finalists for the commission
PART SIX THE MOST RECENT CENTURY 1914–2010 Chapter 21—The Collapse and Recovery of Europe, 1914–1970s CHAPTER LEARNING OBJECTIVES: • To examine the history of Europe between 1914 and the 1970s as an organic whole made up of closely interconnected parts • To consider the repercussions of nationalism and colonialism in Europe and Japan • To increase student awareness of the effects of the two world wars • To help students imagine the appeal of totalitarian movements in the twentieth century
CHAPTER 21 Accounting for Leases SOLUTIONS TO EXERCISES EXERCISE 21-1 (15–20 minutes) (a) This is a capital lease to Adams since the lease term (5 years) is greater than 75% of the economic life (6 years) of the leased asset. The lease term is 831/3% (5 ÷ 6) of the asset’s economic life. (b) Computation of present value of minimum lease payments: $9,968 X 4.16986* = $41,565 *Present value of an annuity due of 1 for 5 periods at 10%. (c) 1/1/12 Leased Equipment..................................
The year twenty-one marks the beginning of many new and adventurous milestones. For young people who transition into adulthood, twenty-one means finally being of the “real” legal age. Unlike being 18, 21-year olds have an abundance of responsibilities to themselves as they try to understand and develop their sense of self and self worth, but also the obligations they have being a member of a larger community. I am proud of my daughter who has recently talked to me about her depression that she has
Chapter 21 A. The Toltec and the Mexica 1. Toltecs emerge in the ninth and tenth centuries after the collapse of Teotihuacan a. Established large state, powerful army mid-tenth to the mid-twelfth century b. Tula was the Toltec capital city and center of trade c. Maintained close relations with societies of the Gulf coast and the Maya 2. Toltec decline after twelfth century d. Civil strife at Tula, beginning in 1125
Chapter Log Book Chapter 1 – Hazel depressed: Fixated on death. Everything is a side-effect of dying, cancer and even depression. Attends a support group sponsored by the church. Sixteen originally thyroid cancer spread to lungs. Friends Isaac, had eye tumour with one eye removed. Meet Augustus Waters, who denies the cigarette to kill him by not lighting it. (Metaphorical resonance) Chapter 2 – Augustus reveals he lost his leg to cancer. Passed his driver’s test as another ‘cancer perk’. Hazel missed
The Awakening Close Reading Discussion Questions Always reference page numbers as part of evidence for responses. Always add new vocabulary to your notes to expand your diction. Chapters 1 through 5 • What observations can be made from the cover? What might be meant by “The Awakening”? • What does the introductory paragraph/page introduce? Why? • Are there any symbols? • Character descriptions (What kind of husband/father is Mr. Pontellier? Mother/wife is Mrs. Pontellier
Bush Schooling - Chapters 9 - 25 Title tells us that Facey is uneducated up to this point, which would be considered strange these days "My birthday went unnoticed, a common thing in those days" - Shows how Facey has matured, and the fact that his birthday is "unnoticed" is almost a sign of a coming of age as only children's birthdays were celebrated, while his older acquaintances never celebrate their birthdays. 'Snake Bite' chapter reveals harsh realities of life in the outback. Adds to image