pls aswer ASAP.dont CHATGPT. i ll upvote. Please type the answer. Thank You Payment Cash Payment Interest Decrease in Balance Outstanding Balance $87,867 1 $13,000 $0 $13,000 74,867 2 13,000 7,487 5,513 69,354 3 13,000 6,935 6,065 63,289 4 13,000 6,329 6,671 56,618 5 13,000 5,662 7,338 49,280 6 13,000 4,928 8,072 41,208 7 13,000 4,121 8,879 32,329 8 13,000 3,233 9,767 22,562 9 13,000 ? ? ? 10 13,000 ? ? 0 What amount would the lessee record as annual amortization on the right of use asset using the straight line method? A) $13,000 B) $7,487 C) $8,787 D) $8,851

pls aswer ASAP.dont CHATGPT. i ll upvote. Please type the answer. Thank You Payment Cash Payment Interest Decrease in Balance Outstanding Balance $87,867 1 $13,000 $0 $13,000 74,867 2 13,000 7,487 5,513 69,354 3 13,000 6,935 6,065 63,289 4 13,000 6,329 6,671 56,618 5 13,000 5,662 7,338 49,280 6 13,000 4,928 8,072 41,208 7 13,000 4,121 8,879 32,329 8 13,000 3,233 9,767 22,562 9 13,000 ? ? ? 10 13,000 ? ? 0 What amount would the lessee record as annual amortization on the right of use asset using the straight line method? A) $13,000 B) $7,487 C) $8,787 D) $8,851

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 3.6C

See similar textbooks

Payment	Cash Payment	Interest	Decrease in Balance	Outstanding Balance
				$87,867
1	$13,000	$0	$13,000	74,867
2	13,000	7,487	5,513	69,354
3	13,000	6,935	6,065	63,289
4	13,000	6,329	6,671	56,618
5	13,000	5,662	7,338	49,280
6	13,000	4,928	8,072	41,208
7	13,000	4,121	8,879	32,329
8	13,000	3,233	9,767	22,562
9	13,000	?	?	?
10	13,000	?	?	0