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Deal for a Dozer Deal for a Dozer

Deal for a Dozer - PowerPoint Presentation

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Uploaded On 2017-06-11

Deal for a Dozer - PPT Presentation

Sarah Donofrio Melissa Dragun Michael Geltrude Karan Kalaria Yumeng Zhang Overview Case Facts Capital Lease Classification Criteria 8401025 29   If at its inception  a lease meets any of the four lease classification criteria in ID: 558388

classification lease 840 fair lease classification fair 840 criteria840 application lessor capital defining criteria leased payments lessee journal type

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Presentation Transcript

Slide1

Deal for a Dozer

Sarah DonofrioMelissa DragunMichael Geltrude Karan KalariaYumeng ZhangSlide2

OverviewSlide3

Case FactsSlide4

Capital Lease Classification Criteria

840-10-25-29  If at its inception a lease meets any of the four lease classification criteria in paragraph 840-10-25-1, the lease shall be classified by the lessee as a capital lease.Slide5

Present value of payments equals or exceeds 90% of fair value

Minimum Lease PaymentsSlide6

Fair Market Value

840-10-55-43 The determination of fair value should be made in light of market conditions prevailing at the time, which may indicate that the fair value of the property is less than the normal selling price Slide7

Capital Lease: Sales-type

Slide8

Journal EntriesSlide9

ConclusionSlide10

840-10-25-1

Lease Classification Criteria840-10-25-7 Minimum-Lease-Payments Criterion for a Lessor840-10-25-29 Lessee Application of Lease Classification Criteria840-10-25-41 Lessor Application of Lease Classification Criteria840-10-25-42 Lessor Application of Lease Classification Criteria

840-10-25-43

Lessor

Application of Lease Classification Criteria

840-10-55-42

Defining

Fair Value of the Leased Property

840-10-55-43

Defining

Fair Value of the Leased Property

840-10-55-44

Defining

Fair Value of the Leased Property

 

840-30-25 (Q&A 01) Sales Type Lease – Lessor Journal Entries Example

Accounting Standard Codification ReferencesSlide11

Thank you!

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