Texas oil company operates solely in the United States. The following amounts are paid during June 2018 relating to producing leases: Fuel for lease A....$50,000 Supplies for lease A....15,000 Labor cost for pumpers and gaugers-lease A...20,500 Fringe benefits of pumpers and gaugers who work on several leases...8,000 Salaries and fringe benefits of regional supervisors...20,000 Contract labor for refracturing well of Lease A...12,000 Property tax-Lease A....14,000 Transportation cost for several leases....10,200   Required: Record the above transactions.

Berkeley Inc. is engaged in manufacturing. For the procurement of machines, Berkeley Inc. uses the leasing method. On May 1, 2016, Berkeley Inc. entered into a lease contract with Mindy Corp. on a printing machine that costs Rp180,000,000 with the following agreement:- The lease period is 3 years, payments are made semi-annually with the first payment is November 1, 2016.- The lease payment per 6 months is Rp35,000,000,-.- Berkeley Inc. has the option to purchase the production machine at a price of Rp1,500,000,- at the end of the lease period- The economic life of the production machine is 5 years- The incremental borrowing rate is 15%- Mindy Corp's implicit interest rate is 12%, known to Berkeley Inc. Prepare the schedule of lease payment! (Use the following format)

On January 1, Year 1, Autonomous Systems Ltd. (ASL) signed a contract to lease computer equipment from Lenovo for three years. The lease agreement requires ASL to pay $30,000 at the end of each year of the lease. The company's borrowing rate is 6%. Under U.S. GAAP, the lease would be classified as operating. However, ASL is based in Singapore and will account for the lease using IFRS.   How much higher (or lower) are ASL's expenses related to this lease in Year 1 as accounted for under IFRS compared to how much expense would be recorded related to this lease in Year 1 under U.S. GAAP? Use a negative sign to denote that IFRS expenses are a lower amount, if needed.

rean Logistics company enters into an operating lease contract with a UK Company specialize in warehousing to rent the warehouse for 5 years (60 months). for every 12 months period, the lease payment will increase 5%. So if the 1st until 12th lease period the monthly payment at CU 1,014,000, at lease period 13th to 24th, the monthly lease payment will be CU 1,064,700. The 5% increase monthly lease payment will change every 12 month. The Incremental borrowing rate at 10.20% pa   Based on this issues, according to IFRS 16 for lease, please create monthly the amortization lease table that includes the interest amount, principal amount, and depreciation amount for the next 60 operating lease period.