On December 31, 2015, Haden Corp. sold a machine to Ryan and simultaneously leased it back for one year. Pertinent information at this date follows: In Haden's December 31, 2015 balance sheet, the deferred profit from the sale of this machine should be

Question

On December 31, 2015, Haden Corp. sold a machine to Ryan and simultaneously leased it back for one year. Pertinent information at this date follows:  In Haden's December 31, 2015 balance sheet, the deferred profit from the sale of this machine should be

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The Answer of On December 31, 2015, Haden Corp. sold a machine to Ryan and simultaneously leased it back for one year. Pertinent information at this date follows:  In Haden's December 31, 2015 balance sheet, the deferred profit from the sale of this machine should be