Determine the present value of the lease payments, Accounting Basics

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Determine the present value of the lease payments

Questions:

1. Determine the present value of the lease payments at June 30, 2013 (to the nearest $000) that Georgia-Atlantic uses to record the leased asset and lease liability.

2. What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2013?

3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2013?

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Accounting Basics: Determine the present value of the lease payments

Reference No:- TGS02031963

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Accounting Basics: Determine the present value of the lease payments

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