Intermediate Accounting Leases培训资料.pptVIP

Intermediate Accounting,17E;Economic Advantages to Leasing Over Purchasing;Simple Example;Simple Example;Simple Example;Scenario One;Scenario Two;Scenario Three;Scenario Four;Capital vs. Operating Lease;Cancellation Provisions;Bargain Purchase Option;Lease Term;Residual Value;Minimum Lease Payments;Lease 1;Lease 1;Lease Classification Criteria;IASB Approach;General Classification Criteria—Lessee and Lessor;Lease Classification―Lessor;Accounting for Operating Lease—Lessee;The terms of the lease for an aircraft by International Airlines provide for payments of $150,000 a year for the first two years of the lease and $250,000 for each of the next three years. The total lease payments would be $1,050,000, or $210,000 a year on a straight-line basis. ;Operating Leases with Varying Lease Payments;Lease period: 5 years, beginning January 1, 2011, noncancelable Rent amount: $65,000 per year payable annually in advance; includes $5,000 to cover executory costs Estimated economic life of equipment: 5 years Expected residual value of equipment at end of lease period: None ;Leased Equipment 250,192 Obligations under Capital Leases 250,192 ;(continues);Marshall Corp. Entries on December 31, 2011;;Accounting for Leases with a Bargain Purchase Option; There is a bargain purchase option of $75,000 exercisable after five years;Minimum Lease Payment;;Entries on December 31, 2015;Accounting for Leases with a Bargain Purchase Option;Accounting for Purchase of Asset During Lease Term;Given the facts in Slide 15-38, the entry to record the purchase on the lessee’s books would be as follows:;In 2011, Marshall Corporation’s income before any lease-related expenses is $200,000. Net income for the year is computed as follows:;Accounting for Leases—Lessor;Revenue Generated by a Sales-Type Lease;Accounting for Operating Leases—Lessor;Accounting for Operating Leases—Lessor;Accounting for Operating Leases—Lessor;Accounting for Direct Financing Leases;To record initial lease on Jan