ABC Inc.leased a computer to the Lennox Silver Company on 1 April 2018.The terms of the lease
are as follows: *** ABC Inc.company charges a half-year depreciation in the year of acquisition and a half-year in the year of disposition, regardless of the actual dates of acquisition and disposal.
From the above information, show how the leased asset and the lease obligation will be shown on th
lessee's balance sheet at 31 December 2019.

Question

ABC Inc.leased a computer to the Lennox Silver Company on 1 April 2018.The terms of the lease
are as follows:  *** ABC Inc.company charges a half-year depreciation in the year of acquisition and a half-year in the year of disposition, regardless of the actual dates of acquisition and disposal.
From the above information, show how the leased asset and the lease obligation will be shown on th
lessee's balance sheet at 31 December 2019.

Quizplus · Accepted Answer

The Answer of ABC Inc.leased a computer to the Lennox Silver Company on 1 April 2018.The terms of the lease
are as follows:  *** ABC Inc.company charges a half-year depreciation in the year of acquisition and a half-year in the year of disposition, regardless of the actual dates of acquisition and disposal.
From the above information, show how the leased asset and the lease obligation will be shown on th
lessee's balance sheet at 31 December 2019.

ABC IncLeased a Computer to the Lennox Silver Company on 1