D11.

INITIAL MEASURMENT OF LEASE LIABILITY

annual payments 100,000

pv of 4.3553
pv of annual payments 435,526

pv of guaranteed RV
15,000 X(1.10^6) 8,467
443,993

IM OF ROU ASSET

IM of LL 443,993

date payment interest amort c. amount

01.01.11 443,993 rou asset
12.31.11 100,000 44,399 55,601 388,392
12.31.12 100,000 38,839 61,161 327,232
12.31.13 100,000 32,723 67,277 259,955
12.31.14 100,000 25,995 74,005 185,950
12.31.15 100,000 18,595 81,405 104,545
12.31.16 100,000 10,455 89,545 15,000
12.31.16 15,000 0 15,000 0

IM OF ROU ASSET 443,993

DIVIDED BY SHORTER BETWEEN
USEFUL LIFE AND LEASE TERM 6
ANNUAL DEPRECIATION EXP 73,999

01.01.11 DR. RIGHT OF USE ASSET 443,993

CR. LEASE LIABILITY 443,993

12.31.11 DR. LEASE LIABILITY 55,601

DR.INTEREST EXPENSE 44,399
CR. CASH 100,000
 DR. DEP EXPENSE 73,999
CR. RIGHT OF USE ASSET 73,999

12.31.16 DR. LEASE LIABILITY 89,545

DR.INTEREST EXPENSE 10,455
CR. CASH 100,000

DR. DEP EXPENSE 73,999

CR. RIGHT OF USE ASSET 73,999

DR. LEASE LIABILITY 15,000

CR CASH (75-65) 10,000
CR GAIN ON GUARANTEE 5,000

D11.2 standalone allocation

maintenance cost 5,000 (44,000x 5/50 4,400
lease payment 45,000 44,000 (45/50) 39,600
50,000 44,000

Initial Measurement of lease liability

annual lease payments 39,600
pv of OA 3 periods 2
pv of annual payments 95,113

pv of purchase option
50,000 x 1.12^-3 35,589
130,702 b

Initial measurement of ROU asset

Im of LL 130,702
initial direct cost 10,000
rou asset 140,702 c

01.01.11
Dr. Rou asset 140,702
Cr. Lease Liability 130,702
Cr. Cash 10,000

Initial measurement of ROU asset 140,702

divided by estimated useful life 5 (so nagtataka ka bat 5 yan dika kasi nagbasa
annual dep expense 28140 d

11.3 kapag gagamit practical expedient simplified ang accounting lease

2011 (4,000x 6/12) 2,000

2012 5,000
2013 6,000
2014 7,000
total 20,000
initial direct cost 10,000
total 30,000
divided by lease term 4
annual lease(rent expense) 7500

01.01.11 Dr. prepaid Rent Expense 10,000

Cr. Cash 10,000

12.31.11 Dr. Rent Expense 7,500

cr. Cash 2,000
cr. Prepaid Rent Expense 5,500

12.31.12 Dr. Rent Expense 7,500

cr. Cash 5,000
cr. Prepaid Rent Expense 2,500

12.31.13 Dr. Rent Expense 7,500

cr. Cash 6,000
cr. Prepaid Rent Expense 1,500

12.31.14 Dr. Rent Expense 7,500

cr. Cash 7,000
cr. Prepaid Rent Expense 500

11.4
a. a. Initial measurement of lease liability
1st method annual payments 80,000 2nd method
pv of oa factor
(1-(1.12^-4)/.12 3.0373
(5-4) kasi nagbayaaad isa
kapag kuha initial mea ng
liab di kasama binayaran okiii
242,988

b. initail measurement of ROU asset

im of LL 242,988
downpayment 80,000
lease bonus 20,000
342,988

01.01.11 dr. ROU asset 342,988

cr. Lease Liability 242,988
Cr. Cash (80k+20k) 100,000

c. annual dep of specialized machinery (ignored residual value either guarantee or not)
im of ROU Asset 342,988
divided by shorter of EUL and lease term 5 lease term
dep expnse 68,598

d. annual dep of leasehold improvement

cost 50,000
divided by shorter LHI Eul
and remaining lease term 4 lease term
12,500

11.5
initial measurment of lease liab
annual payments
pv of oa 14%;5 periods

pv of purchase option (resonably certain to exercise

60,000x1.14^-5

initial measurement of ROU asset

IM OF LL

DATE PAYMENTS INTEREST AMORTI C.AMOUNT

01.01.11 443,132
12.31.11 120,000 62038 57,962 385,170
12.31.12 120,001 53924 66,077 319,093
 REASSESMENT

REVISE CARRYING AMOUNT OF LEASE LIABILITY

annual payments
pv of oa 13%;3 periods lumipas na dalawang taon

pv of purchase option
(80,000*(1.13^-3)

revised CA of LL 338,782
CA of 12.31.12 319094
increase in lese liability 19,688

01.01.13 Dr. ROU asset 19,688

Cr. Lease Liabilty 19,688

b. revised annual dep

1st method CA of Rou asset 12.31.12

IM 443.132
/ useful life 6
73,855

IM 443,132
less:dep for 2 yrs (73,855x2) 147,711
Ca of ROU asset 12.31.12 295,421

2nd method

Im of ROU asset 443,132

multiply by 4/6
CA of ROU asset 12.31.12 295,421

CA of ROU Asset 295,421

increase in ROU Asset 19,688
revised CA 315,109
divided by remaining useful life 4
revised annual dep expense 78777
 a.

aka ka bat 5 yan dika kasi nagbasa ha! Kasi may transfer of ownership basahin mo problem!! Reasonably certain na ixercise purchase opti
2nd method annual payments 80,000
pv of au
(1-(1.12^-5)/.12)*1.12 4.03735
322,988
less downpayment 80,000
 242,988

either guarantee or not)

lease term

120,000
3.43308
411,970

31,162
443,132

443,132

C.AMOUNT
 120,000
2.36115
283,338

55,444
338,782

may transfer of ownership nga!!!!

lumipas na dalawang taon okiii

rtain na ixercise purchase option after 3 yrs bilhin na ni moniegold