ACC 541 Week 3 Individual Assignment Response to Client Request I / acc541dotcom
For more course tutorials visit www.acc541.com Describe how an operating lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease, assuming the lessee makes equal monthly payments at the beginning of each month of the lease. Describe the change in accounting, if any, when rental payments are not made on a straight-line basis.
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Describe how an operating lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease, assuming the lessee makes equal monthly payments at the beginning of each month of the lease. Describe the change in accounting, if any, when rental payments are not made on a straight-line basis.
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<strong>ACC</strong> <strong>541</strong> <strong>Week</strong> 3 <strong>Individual</strong> <strong>Assignment</strong> <strong>Response</strong> <strong>to</strong> <strong>Client</strong> <strong>Request</strong> IClick Here <strong>to</strong> Buy the Tu<strong>to</strong>rialhttp://www.acc<strong>541</strong>.com/product-12-<strong>ACC</strong>-<strong>541</strong>-<strong>Week</strong>-3-<strong>Individual</strong>-<strong>Assignment</strong>-<strong>Response</strong>-<strong>to</strong>-<strong>Client</strong>-<strong>Request</strong>-IFor more course tu<strong>to</strong>rials visitwww.acc<strong>541</strong>acc<strong>541</strong>.comWhile working on a consulting engagement, a supervisor in your team has given you anassignment. The client is a regional trucking company. A new cus<strong>to</strong>mer has approached theclient with an opportunity that would require 120 trailers—20 more than the truckingcompany currently owns. The client is uncertain how long the relationship with the cus<strong>to</strong>mermay last, but the deal has the potential for significant growth.Your supervisor has asked you <strong>to</strong> research leases and lease structure issues on the FinancialAccounting Standards Board (FASB) website, in particular the current practice and thoughtrelated <strong>to</strong> direct financing, sales type, and operating leases.Write a 700- <strong>to</strong> 1,050-word memo addressed <strong>to</strong> your supervisor that summarizes your FASBresearch results. Keep the memo brief while exploring the issues. Remember that both theclient and the supervisor have limited time, and you want <strong>to</strong> make a good impression.Recommend an approach that the client can use <strong>to</strong> evaluate and capitalize on this opportunity.Format your paper consistent with APA guidelines, including appropriate citations andreferences. Run your paper through WritePointSM and Plagiarism Checker.
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