Assuming that this is classified as an operating lease, create an amortization table for periodic interest and reduction in the liability.
Periodic Interest and Reduction in the Liability
$$\begin{array} { | l | l | l | l | l | }
\hline& & & \text { Reduction in } & \
& \text { Payment } & \text { Interest } & \text { Lease Liability } & \text { Balance } \
\hline & & & & \
\hline \text { Lease commencement: } 1 / 1 / 2019 & & & & \
\hline 1 / 1 / 2020 & & & & \
\hline 1 / 1 / 2021 & & & & \
\hline 1 / 1 / 2022 & & & & \
\hline 1 / 1 / 2023 & & & & \
\hline
\end{array}$$

Question

Assuming that this is classified as an operating lease, create an amortization table for periodic interest and reduction in the liability.
Periodic Interest and Reduction in the Liability
 $$\begin{array} { | l | l | l | l | l | } 
\hline& & & \text { Reduction in } & \
& \text { Payment } & \text { Interest } & \text { Lease Liability } & \text { Balance } \
\hline & & & & \
\hline \text { Lease commencement: } 1 / 1 / 2019 & & & & \
\hline 1 / 1 / 2020 & & & & \
\hline 1 / 1 / 2021 & & & & \
\hline 1 / 1 / 2022 & & & & \
\hline 1 / 1 / 2023 & & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Assuming that this is classified as an operating lease, create an amortization table for periodic interest and reduction in the liability.
Periodic Interest and Reduction in the Liability
 $$\begin{array} { | l | l | l | l | l | } 
\hline& & & \text { Reduction in } & \
& \text { Payment } & \text { Interest } & \text { Lease Liability } & \text { Balance } \
\hline & & & & \
\hline \text { Lease commencement: } 1 / 1 / 2019 & & & & \
\hline 1 / 1 / 2020 & & & & \
\hline 1 / 1 / 2021 & & & & \
\hline 1 / 1 / 2022 & & & & \
\hline 1 / 1 / 2023 & & & & \
\hline
\end{array}$$

Assuming That This Is Classified as an Operating Lease, Create