What is the calculation of lease interest on sum of digit method,but with a residual value?

Question added by Eranga Kumara
Date Posted: 2016/05/14

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How do you calculate for interest under leases using sum of digit method?
Top Answer: <p>In effect, a finance lease is a means of acquiring an asset by “borrowing” money from the lessor ... See More

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cost price of a machine is $3000, estimated residual value is $2000 and useful life is 5 years and by straight line method.
Top Answer: Cost of machine 3000, Residual Value or salvage value 2000, difference $1000 (3-2) / 5 As per straight li ... See More

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How depreciation on a fixed asset is computed by "Sum of the years' digits" method?
Top Answer: <p>Assests are more productive in their early years of life and as the their life increases their p ... See More

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What are the methods of valuing shares in a private company when one wants to leave. Provide methods with examples and their calculations?
Top Answer: This will depend on specific facts and circumstances. Generally there isn't a clear cut answer. However, ... See More

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