Scribd Logo
Upload

Welcome to Scribd!

  • Vito, Unit 5, Topic 3, Assessment

    Uploaded by

    Steph Anie
    11 views2 pages
    This document contains solutions to problems involving calculations of gross investment, net investment, unearned interest income, and interest income for two equipment leasing scenarios. For problem 1, the gross investment is P7.8 million, net investment is P5.25 million, unearned interest income is P2.55 million, and interest income is P522,000. For problem 2, the gross investment is P9.025 million, net investment is P6 million, unearned interest income is P3.025 million, and interest income is P900,000.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains solutions to problems involving calculations of gross investment, net investment, unearned interest income, and interest income for two equipment leasing scenarios. For problem 1, the gross investment is P7.8 million, net investment is P5.25 million, unearned interest income is P2.55 million, and interest income is P522,000. For problem 2, the gross investment is P9.025 million, net investment is P6 million, unearned interest income is P3.025 million, and interest income is P900,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views2 pages

    Vito, Unit 5, Topic 3, Assessment

    Uploaded by

    Steph Anie
    This document contains solutions to problems involving calculations of gross investment, net investment, unearned interest income, and interest income for two equipment leasing scenarios. For problem 1, the gross investment is P7.8 million, net investment is P5.25 million, unearned interest income is P2.55 million, and interest income is P522,000. For problem 2, the gross investment is P9.025 million, net investment is P6 million, unearned interest income is P3.025 million, and interest income is P900,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Stephanie Joy D.

    Vito BSMA-II
    UNIT 5 – TOPIC 3

    • Problem #1
    1. Answer: P 7,800,000

    Gross rentals (900,000 x 8) P 7,200,000


    Unguaranteed residual value 600,000
    Gross investment P 7,800,000

    2. Answer: P 5,250,000

    Cost of equipment P 5,000,000


    Initial direct cost 250,000
    Net investment P 5,250,000

    3. Answer: P 2,550,000

    Gross investment P 7,800,000


    Net investment 5,250,000
    Unearned interest income P 2,550,000

    4. Answer: P 522,000

    Interest income [(5,250,000 – 900,000) x 12%] P 522,000


    • Problem #2

    1. Answer: P 9,025,000

    Gross rentals (1,750,000 x 5) P 8,750,000


    Guaranteed residual value 275,000
    Gross investment P 9,025,000

    2. Answer: P 6,000,000

    Cost of machine P 6,000,000


    Net investment P 6,000,000

    3. Answer: P 3,025,000

    Gross investment P 9,025,000


    Net investment 6,000,000
    Unearned interest income P 3,025,000

    4. Answer: P 900,000

    Interest income (6,000,000 x 15%) P 900,000

    You might also like