Uneamed interest income :

lease :
LOST
OF RIGHT USE OF ASSET

Direct Finance
lease receivable represents gross investment

-
① Lease Liabi CORUA :

IM X 3 .
79 : 3 .

790M 4 /M
.

+ 400K
onM
300K X
·

62 =

ab : OOK)
4400M
②
44M/8 530k
=

based asset's
*
if there's a purchase option : on
useful life .

③ 4 /M.
x 10 % =
410K
Liab at year end :
④ Lease

IM 4 . 1 M

OK)
390k M
CORUA
Liab :
Lease ② Annual Depreciation :
/M x 6 . 145
=
6 . 145M 6 .

345M/10
+
200M
634 500
=
,

#(1) CORA

Lease Liab : IMX 6 328

=
6 38M
.

>
.

G 650M
purchase option
.

PV of
3 x /M
=
Been
 (2) Annual Depreciation : L
11-5 CORUA :
Liab : 2 000M
=
Lease .

6 . 650M/14 Dep : 2 .

020/5
=
404K

#(1) Depreciation Expense :

2 4M .
-

200K = 2 .
2/8 =
# 5 4M- 300K
.
=
5 .

1M/12 =
4 9M-200K 4 7/10 O
#
=
= .

-
CABILITY

12-2 Lease Liab :

12-1 lease liab
3 5 8 415M
=

5 51M 1 530MX .
.

1 3M X 4 240
= .
.
.
.
-

1 530M

=o
.

IMX .
630 -

6 885M
.

Interest Expense :
9% 619 , 658
4 862M 885MX
=
.
6 .

12-3 lease Liab :

3 165M .

500
as e
x 10 % =
266 300
2023 : ,

Lsof ~

-Payment Interest incipal PV

-

2 663M
&
300K 266 , 500 233 , 500
N
.

12/31/2023
12/31/2024 500K
 12-4 Dec . 31 , 2024 Lease Liability ( ?)

P I PR RV
Lease Liabi D
IM 3174 683K 3 170M

OM12/31/202HIM
12/31/2023
.

~
41 050M-30)
. M

Lease Liab :

.7 M
2 12/31/23 400 2304
L
J 23M

00K 12/31/24 400K

2 3M
Expense)
.

(Interest
Liability)
< principal lease
5 754M x 10 % = 575, 400
14 6 140M
.
=
IM x 6 .

((M)
-

E 140M
.

(6 140M x 10 % )
k
.

T liab 1/31/2024
L
12-7 included in
200K
current
=
1 150 M
1 350M
- .

200K = 200K

y
(1 150M X 10 % )
-

-
L
12 8 -
lease ciability :
↑ PR PV
I I = - -

1 35 2M
.

1/1/2023

1/1/2024 200K 2001

00
.
200K 115 S 200 84 , 800
1/1/2025
.
 -
12-9 2 M L
12-10 Loss on Finance lease

500K 4 8 M
-

Greenen
1 2M.
C4 8M-3007
.

+ 1 .
440M =
-

2 .
640M

~ From M
-

LOPERATING
LEASE-LESSOR I
-

Lar
14-3 850k
14-1 500K
(120K)
a 300K/3 LOOK
150K/10 (15k)
90K)
90
n
275k

# 200 9 =
1 8M
.

#Net
Rental Income

1 2M/3x 9/12
.
=
300K 60 , 000 x 6
=
360K
-

2 1 M. 75 000
,
X 6 =
450k
(200K) & -

810K
(50k) 4 8M/8
.
I
CGOOK
-

(150k] 210K
(900K)
-

800K

# 720K- 360K- GOK =

-

1 , 200 X IK 1 2M
1st Yv = .

2nd Yv
3rd Yo
3 , 000

3 , 000
Ye -
3M
3M

I 7 CM
9
.

800K 6/12 =
400K
3Yes
ISt Yr
A
.4
2 M
2nd Yr-5th
1 .
250MX4
5 . M
n
Syr
3006 x 55
=
16 5M.

#
16 5 M/5
.
=
3 . 3M

33.
7/12 =
-

Type -

Lessor
Lease

Gross Income # 3 520M-2 8M

. .

2 780
. M =
2 , 000 M Interest Revenue :

L
-

780k 3 :
520M-600K = 2
. 920M
2 920M
.
x 10 % =
292K
292X 6/12 =
 income :
# gross income on sale interest
2 665M
3 165M
. 3 165K
.
-
500K = .

-
2 675M
, . 645M
2 x
12 % =
L
490k

Interest Income (Grss-Net)

I Total Uneamed
=
15 M Net : 10 . UM
3M x 5
ONS :

T 11 .
370M

=
sale :
(2) Gross income on

(3) Interest Income

11 370 M
.

11 370MX 12 %
8M
.

-
1 364 100

-
=
.

-
L
15-5 (total Uneamed Interest Income)

Gross : 1 5 M x 20
.
=
30M

Net : 1 3M
.
x 8 37.
= 2555M)

* residual value is ignored be ownership

lessee
.
will be transferred to the
 Income on sale
(B)
:
Gross

12 .
555M
-

8M =
M

(C) Interest Income

:

12 555
.
-

1 . 5M =
11 055MX
.
12 % = -
24 600 ,

cannuity duel deduct the first

* if beginning
annual payment. )
sale :
Gross income
on
:
14 875M .
Interest Income
-

(8 5M) .

3 95X
. 2 5M.
=
14 875M .

(5004) (2 5M) .

- -

M 375M 12 .

14 %
- Interest Revenue (2023) 1 , 732 , 500
15 7
-

900K 4. 300 M
5 200 M
.

90 3 918M
.

o~
 L
15-8 gross income from current year :

2 4 .
-

2n =
interest income
:

. 4M
2
-

355 080 ,
=
2 ,
044 , 920 x 10 % =
L
income + interest income)
pretax total in come (gross
:
-
204 , 492 = 92
400k +

g annual rent payment :

rental income , divide
* if annual
Financial Revenue :
1 ,
273 ,
800 (B) Total
(GROSS-Net)

.500
syson
1 8M
·

0 : 300 x by .

80K
-

1 ,
880M
-
Net Inv: 1 , 273 , 000
-

606 , 200
C . Gross Income :
-
2004 800
800
=
1 273
-

.
.

D InterestIncome
.
: 1 , 273 , 800 x 12 %
Annual Rental :
=
075 = 6 15
3
.

:
Total Annual Lease Payment
-
800K A 100K = GOOK L
Direct
Finance Lease LESSOR -

&

Gross Investment : 900K x 8 =

7 2M .

Look
L
Total uneamed :

asset t initial direct cost)

Net : <Cost of
7 8M = 2 550 M
5 250M
-
.

:
Interest Income
250M- 900K
=
4 350M x 12 yrs
5
.

. -

=
-
Net Lease
receivablei
=
gross investment
1 750
.
x 3X = 8 750M
.
:

Unearned Interest Income : 754

Total
-
M
M
9 025M-6M
=
.

Interest Income : 6MX 15 %= K

T Receivable :
investment :
L Net Lease
790M
Gross

3 79
=
3 IMX 5 =
5M
IM X
.
.

=
1 2M
1 2M X 42
·
.

M -
>

= 1 666M
interest income :
.

3 400
4 334M x 10 %
=
.
,

↑
Financial Revenue CGROSS-Net)
L
16-4 Total
interest income :
4 =
2M
500K x
11 %
1 550M x
1 550M
.

-
-

500
-
I

S
950k

lease receivable :
carrying amount of
170 , 500
=
279 , 500 1 5M
450k
-

.
-

=
00

P
I
&

I DV
I -

1 550 M
1/1/2023 ~
.

170 , 500 329 500 L

1 220 Jog
1/31/2013 500K ,
, ,

/ 500K 134 , 2535745/

12/31/2025 500K
- Revenue
16-3 Total Interest :

<Gross-Net)
GLOSS :

750k X 5
=
3 750M
.

= 1 312
3 , 234M
-23M
.

interest revenue
N
.

2 484My 8 %
234M- 750
=
3
.

:
-
Payment payable
Annual Lease

3 000 000, ,
&
16-7 same !

102 , 000) 2 3 M
37
.

200x C
4 60
-

898 000 -
&

2
v
. ,

= 4 .
68
-
v
630k
16 -9 5 239M
Annual Rental
.

- :
.

2004 464
4 361 200
,

193 200)
,

,
CMX-6830M
4 31
.

-
335 =
/5
.

4 , 268 , 000
d
.

=
*
500K ~
 sales 3 Leaseback

500KX 3 17 M-LL
=
,

X M= M
CORUA : 2
536M/M
.

Gain recognized :
GM GM

2 536M
-

4 3M

McM
-

-
-

1
1 3M
.

Annual Dep :
L
Income
Net Annual Rental
:

800K
GM/10 yrs (600K)
-
~
200K
CORUA :
# Initial lease Liabi
-r
=
040M
3
IMX 3 04 M
.

gain on right transferred :

SM-3 040M
. = 4 960M/SM
.

8M-GM = 2 M
CM X
:
annual dep - ,
7 , = M
2 .

200M/4 = 570k
 Liab :
# Initial lease CORMA :

- 105M/IM Y
4 21 x 500k =

M 2 .

-
GM

L
.

I 2 526M
Right transferred
.

:
Loss on

5M-2/05M =
2 895M/SM
(1M) . .

SM-EM ↑
=

net annual rental income : x /M =

500K
K
(230k)
=

5M/20

↓
Above Fair value -
addthl .

Financing
(deduct)
A Lease
. riability :

5
L
x 1 5M
=
M
3 60
.

CORUA
B
2M
.

M/18M 8M
X 10
20M-IM =
.

=
C .
gain on right transferred :
7 2M 18M
IM-10
=
.
8M .

3 4M .

14 .
6M/18M
7 2M
=
x .

-
40M
 income :
gross rental
Buyer-Lessors
Rental Income 3 4 M
.
4 ,
444
↑

Financial Asset 2M
-
-
-

5 4M
: 1 .
5M

Depreciation of Building :
12M/20 yrs
=
0 v

# Initial Lease Liabi

1 195M
Dr
375 ,
303

Rental Income
.

Asset 700K
Financial -
-

1 895M .
500K

initial lease lab :

17-6
&

1 824M
IM
.

24 / &MX On

=
gain :
8M-824K = 7 :
176M/
XM-7 2M = 500K

00
.
annual rental income :

84k 824K/1-824M L
53 ~
RI
FA M -

GOOK
1 .

824M
of Rental :
17-7 Prepayment =
1 333M
267 x 500K .

Lease 19b :

COBLIA :
335M
1
4 5M 300K
.

↑M -

500K
+

gain on right transferred : 835M /4 .

5M

700K x 3 6M
3 6M
.
=

4 5M-
.
.
-
M
=

1 833M =
2663 000 -
4 5 -
=
. ,
.

= 4 5
.
x 900K

annual rental income :

net
500K
(400k7
4M/10 -
↑
100k
# initiallease li gi v

CORMA :

+ 2M

- 6M
3
&M/20M X 24M
= Dr
G 720M
.

Loss :
20M-24M =
<4M) 20M -

5 6M
.

= 14 400M/CON
RI
.

:
not annual
M
IM
=
=
18M/30