Intermediate Accounting, 12th Edition Kieso, Weygandt, and Warfield

Problem 21 - 3
(a)

Sewa ini harus diperlakukan sebagai finance lease oleh Industri Labron yang
membutuhkan penyewa untuk memanfaatkan aset tersebut. Sewa ini memenuhi
persyaratan akuntansi keuangan sewa oleh penyewa guna usaha karena:
(1) transaksi tersebut transfer mesin kepada lessee,
(2) masa sewa sama dengan taksiran umur aset, dan
(3) nilai minimum pembayaran sewa melebihi 90% dari nilai wajar mesin yang disewakan.
Transaksi ini merupakan pembelian yang dibiayai oleh pembayaran angsuran dengan
periode 10 tahun.
Untuk Ewing Inc transaksi ini adalah sewa dengan jenis penjualan karena keuntungan
pabrikan yang menjadi hak Ewing. Ini pengaturan sewa pembiayaan juga merupakan
produsen transaksi selama periode 10 tahun.
Present Value of Lease Payments
$413,971 X 7.24689*..................................................................$3,000,000
*Present value dengan bunga sebesar 8% untuk 10 tahun, dibulatkan menjadi $2.
Dealer Profit
Sales (present value of lease payments).......................................$3,000,000
Less cost of engines.......................................................................... 2,600,000
Profit on sale.....................................................................................$ 400,000

(b)

(c)

(d)

Leased Engines Under Finance Leases..............................3,000,000

Lease Liability.........................................................................

3,000,000

Lease Receivable...............................................................3,000,000
Cost of Goods Sold............................................................2,600,000
Sales.........................................................................................
Inventory..................................................................................

3,000,000
2,600,000

Lessee
Lease Liability......................................................................413,971
Cash.........................................................................................

413,971

Lessor
Cash ................................................................................ 413,971
Lease Receivable.....................................................................

413,971

(e)

LABRON INDUSTRIES
Lease Amortization Schedule

Date
1/1/11
1/1/11
1/1/12
1/1/13

Annual Lease
Receipt/ Payment
413,971
413,971
413,971

Interest on
Receivable/
Liability at 8%

206,882
190,315

Reduction in
Receivable/
Liability
413,971
207,089
223,656

Lease
Receivable/
Liability
3,000,000
2,586,029
2,378,940
2,155,284

Lessee
Interest Expense....................................................................206,882
Interest Payable........................................................................

206,882

Lessor
Interest Receivable................................................................206,882
Interest Revenue......................................................................

206,882

(f)

LABRON INDUSTRIES
Statement of Financial Position
December 31, 2011

Property, plant, and equipment:

Leased property under finance
leases
Less accumulated depreciation

Non-current liabilities:
Lease liability
$3,000,000

$2,378,940

Current liabilities:

300,000*
$2,700,000

Interest payable
Lease liability

*$3,000,000 10 = $300,000
**($413,971 $206,882)

EWING INC.
Statement of Financial Position
December 31, 2011

Assets
Noncurrent assets:
Lease receivable...........................................................................$2,378,940*

206,882
207,089**

Current assets:
Interest receivable.............................................................................. 206,882
Lease receivable..................................................................................207,089

Problem 21 7
(a)

December 31, 2010

Leased Equipment Under Finance Leases.....................................166,794
Lease Liability..................................................................................
166,794
( Untuk mencatat aset yang disewakan dan kewajiban terkait sebesar present value dari 5
tahunan pembayaran sebesar $ 40.000 didiskontokan pada 10%, $40,000 X 4.16986)
Lease Liability................................................................................ 40,000
Cash..................................................................................................
(Untuk mencatat pembayaran sewa pertama)

(b)

40,000

December 31, 2011

Depreciation Expense..................................................................... 23,828
Accumulated DepreciationFinance Leases...................................
23,828
(Untuk mencatat penyusutan aset yang disewakan sebesar $166,794 dengan umur manfaat
selama 7 tahun)
Interest Expense..............................................................................12,679
Lease Liability................................................................................ 27,321
Cash..................................................................................................
40,000
(Untuk mencatat pembayaran tahunan atas sewa sebesar $12,679 yang berupakan 10% dari
pokok sewa yangbelum dibayar sebesar $126,794)

LUDWICK STEEL COMPANY (Lessee)

Lease Amortization Schedule
(Annuity Due Basis)

Date
12/31/10
12/31/10
12/31/11
12/31/12
12/31/13
12/31/14
(c)

Annual Lease
Payment

$40,000
40,000
40,000
40,000
40,000

Interest (10%) on
Liability

$
0
12,679
9,947
6,942
3,638

Reduction of
Lease Liability

$40,000
27,321
30,053
33,058
36,362

December 31, 2012

Interest Expense.....................................................................................9,947
Lease Liability.....................................................................................30,053
Cash......................................................................................................

Lease Liability
$166,794
126,794
99,473
69,420
36,362
0

40,000

(Untuk mencatat pembayaran tahunan atas sewa sebesar $9,947 yang berupakan 10% dari
pokok sewa yangbelum dibayar sebesar $99,473)

Depreciation Expense..........................................................................23,828
Accumulated DepreciationFinance Leases........................................
(Untuk mencatat penyusutan tahunan dari aset yang disewakan)

(d)

23,828

LUDWICK STEEL COMPANY

Statement of Financial Position
December 31, 2012

Property, plant, and equipment:

Leased equipment
under finance leases
Less: Accumulated depreciation

Non-current liabilities:
Lease liability

$36,362

$166,794 Current liabilities:

47,656
$119,138

Lease liability

33,058