close
    Oroc Ltd hires out industrial plant on long-term operating leases. On 1 January 2011 it entered into a seven-year lease on a mobile crane to Mobaco Ltd. The terms of the lease are $200,000 payable on 1 January 2011, followed by six rentals of $120,000 paid on 1 January 2012 to 2017. Oroc was keen to rent out the crane, and so Mobaco has been given $300,000 up front to cover relocation costs, and the first year’s rental has been waived. The crane will be returned to Oroc on 31 December 2017. The

     


    I need solution of this question Oroc Ltd hires out industrial plant on long-term operating leases. On 1 January 2011 it entered into a seven-year lease on a mobile crane to Mobaco Ltd. The terms of the lease are $200,000 payable on 1 January 2011, followed by six rentals of $120,000 paid on 1 January 2012 to 2017. Oroc was keen to rent out the crane, and so Mobaco has been given $300,000 up front to cover relocation costs, and the first year’s rental has been waived. The crane will be returned to Oroc on 31 December 2017. The crane cost $1,200,000 and has a 25-year useful life with no residual value. Show the required accounting treatment(s) in the records of Oroc Ltd, the lessor, including the income statement; the accruals/prepayments that will appear in the balance sheet at the end of each year of the lease and the disclosure notes as at the end of Year 1.

    0  Views: 533 Answers: 4 Posted: 11 years ago

    4 Answers

    You have the wrong website.


    We are akaQA, a world-wide, general question and answer forum.

    For individuals in Ambattur seeking neurological care, Sai Isha Neuro Clinic is a recommended option. While Ambattur may not have a specific neurology clinic, Sai Isha Neuro Clinic is located nearby and offers expert neurological services. Their team of neurologists, including Dr. Sindhuja, provides comprehensive diagnosis and treatment for various neurological conditions. You can schedule an appointment at Sai Isha Neuro Clinic to receive personalized neurological care, even if you're Neurologist in Ambattur.

    Looking for cranes for rent in Tambaram? Look no further than KPM Cranes. We offer a diverse selection of cranes for rent to meet various project needs in Tambaram and surrounding areas. Whether you require crawler cranes, mobile cranes, or any other type of crane, we have you covered. Our rental options are flexible, with competitive rates and customizable packages to suit your specific requirements. Plus, our experienced team ensures safe and efficient crane operation throughout your project. Contact KPM Cranes today for reliable crane rental services in Tambaram and let us help you lift your project to new heights.

    Game bài ??i th??ng là t?a game club khá thu hút ng??i ch?i hi?n nay. N?i ti?ng v?i th? lo?i game nh? Casino, N? h?, ?á gà, Th? thao, X? s?, E- ...
    Website: https://gamebaidoithuong.org.in/



    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1101K
     
    Colleen
    Answers: 47270 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    Top88
    Answers: 0 Views: 4 Rating: 0
    Top88
    Answers: 0 Views: 5 Rating: 0
    Top88
    Answers: 0 Views: 4 Rating: 0
    8xbetplus
    Answers: 0 Views: 7 Rating: 0
    iwin68blue
    Answers: 0 Views: 6 Rating: 0
    ngocbaomedia936
    Answers: 0 Views: 6 Rating: 0
    QH88
    Answers: 0 Views: 9 Rating: 0
    > More questions...
    453050
    questions
    720016
    answers
    757595
    users